Zacks Investment Research Upgrades Seabridge Gold Inc. (SA) to “Hold”
Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.
According to Zacks, “Seabridge Gold is a global leader in gold and mining listings. “
Seabridge Gold (NYSE:SA) opened at 9.55 on Friday. The firm’s market cap is $517.47 million. The firm has a 50-day moving average price of $10.41 and a 200-day moving average price of $12.15. Seabridge Gold has a 1-year low of $5.46 and a 1-year high of $15.88.
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Several hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new stake in Seabridge Gold during the second quarter worth about $101,000. IFP Advisors Inc raised its position in shares of Seabridge Gold by 13.1% in the second quarter. IFP Advisors Inc now owns 10,179 shares of the company’s stock worth $149,000 after buying an additional 1,179 shares during the period. Clinton Group Inc. purchased a new position in shares of Seabridge Gold during the third quarter worth $134,000. Advisory Services Network LLC raised its position in shares of Seabridge Gold by 215.7% in the third quarter. Advisory Services Network LLC now owns 12,903 shares of the company’s stock worth $142,000 after buying an additional 8,816 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock worth $211,000 after buying an additional 3,476 shares during the period. 29.20% of the stock is owned by institutional investors.
About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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