Seabridge Gold (NYSE:SA) Reaches New 52-Week High at $16.70

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $16.70 and last traded at $16.68, with a volume of 274385 shares trading hands. The stock had previously closed at $16.32.

Analysts Set New Price Targets

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a report on Monday, April 1st.

Seabridge Gold Trading Down 5.2 %

The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -39.67 and a beta of 1.11. The company has a fifty day moving average price of $12.95 and a 200-day moving average price of $11.90. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Seabridge Gold

A number of large investors have recently bought and sold shares of SA. Harbour Investments Inc. raised its holdings in Seabridge Gold by 360.1% in the 3rd quarter. Harbour Investments Inc. now owns 2,926 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 2,290 shares during the period. Tower Research Capital LLC TRC raised its holdings in Seabridge Gold by 203.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 2,234 shares during the period. Chilton Capital Management LLC acquired a new position in Seabridge Gold in the 1st quarter worth about $44,000. Creekmur Asset Management LLC acquired a new position in Seabridge Gold in the 4th quarter worth about $50,000. Finally, Deutsche Bank AG acquired a new position in Seabridge Gold in the 4th quarter worth about $65,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.