Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other research firms have also recently weighed in on SA. BidaskClub cut Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research cut Seabridge Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th.

Seabridge Gold (SA) opened at 11.75 on Thursday. The stock’s 50 day moving average price is $11.38 and its 200 day moving average price is $10.91. The company’s market capitalization is $674.65 million. Seabridge Gold has a one year low of $7.35 and a one year high of $12.85.

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A number of hedge funds have recently bought and sold shares of the stock. GWM Advisors LLC boosted its stake in Seabridge Gold by 8.5% in the first quarter. GWM Advisors LLC now owns 102,050 shares of the basic materials company’s stock worth $1,163,000 after buying an additional 8,000 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in Seabridge Gold during the first quarter worth $606,000. Sequent Asset Management LLC acquired a new stake in Seabridge Gold during the first quarter worth $112,000. Sprott Inc. boosted its stake in Seabridge Gold by 5.5% in the first quarter. Sprott Inc. now owns 386,489 shares of the basic materials company’s stock worth $4,251,000 after buying an additional 20,000 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Seabridge Gold during the first quarter worth $121,000. Institutional investors own 26.89% of the company’s stock.

Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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