Seabridge Gold (NYSE:SA) Reaches New 52-Week Low – Should You Sell?

Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $23.91 and last traded at $24.68, with a volume of 945422 shares changing hands. The stock had previously closed at $27.06.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $65.00.

Seabridge Gold Stock Down 8.8%

The company has a market cap of $2.66 billion, a P/E ratio of -50.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. The business’s fifty day moving average is $30.33 and its two-hundred day moving average is $31.01.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Equities analysts predict that Seabridge Gold, Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SA. Financial Gravity Asset Management Inc. bought a new stake in Seabridge Gold during the 4th quarter valued at $30,000. Smartleaf Asset Management LLC bought a new position in shares of Seabridge Gold during the 4th quarter worth $30,000. Caitlin John LLC bought a new position in shares of Seabridge Gold during the 3rd quarter worth $31,000. Federation des caisses Desjardins du Quebec increased its stake in shares of Seabridge Gold by 77.5% during 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 buying an additional 465 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Seabridge Gold during the fourth quarter valued at $39,000. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

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.