Seabridge Gold (NYSE:SA) Stock Rating Upgraded by Zacks Research

Seabridge Gold (NYSE:SA) (TSE:SEA) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Tuesday, Zacks reports.

SA has been the subject of a number of other reports. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. B. Riley Financial initiated coverage on shares of Seabridge Gold in a research report on Monday, August 3rd. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings raised shares of Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Seabridge Gold Stock Up 4.0%

SA stock opened at $31.11 on Tuesday. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.36 billion and a PE ratio of -64.28. Seabridge Gold has a 1-year low of $23.69 and a 1-year high of $35.12. The business’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $30.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its position in Seabridge Gold by 1.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 22,708 shares of the basic materials company’s stock worth $642,000 after buying an additional 345 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of Seabridge Gold by 77.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 465 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Seabridge Gold by 3.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock valued at $447,000 after acquiring an additional 522 shares during the period. SG Americas Securities LLC grew its stake in shares of Seabridge Gold by 2.9% in the first quarter. SG Americas Securities LLC now owns 28,926 shares of the basic materials company’s stock valued at $820,000 after acquiring an additional 803 shares in the last quarter. Finally, Uniting Wealth Partners LLC grew its stake in shares of Seabridge Gold by 8.7% in the fourth quarter. Uniting Wealth Partners LLC now owns 12,530 shares of the basic materials company’s stock valued at $371,000 after acquiring an additional 1,000 shares in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Company Profile

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for gold, copper, silver, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.