Seabridge Gold (NYSE:SA) Stock Rating Upgraded by Wall Street Zen

Seabridge Gold (NYSE:SA) (TSE:SEA) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

SA has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. Zacks Research cut shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One research 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, Seabridge Gold currently has a consensus rating of “Reduce” and a consensus target price of $65.00.

Seabridge Gold Trading Up 0.1%

SA opened at $31.24 on Friday. The stock has a market capitalization of $3.36 billion, a P/E ratio of -86.78 and a beta of 0.83. Seabridge Gold has a 12 month low of $11.12 and a 12 month high of $40.06. The firm’s fifty day simple moving average is $30.86 and its 200 day simple moving average is $29.67. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 0.53.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Thursday, March 26th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.27). As a group, research analysts anticipate that Seabridge Gold will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Seabridge Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in SA. PNC Financial Services Group Inc. raised its holdings in shares of Seabridge Gold by 3,413.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 42,165 shares of the basic materials company’s stock valued at $1,018,000 after purchasing an additional 40,965 shares during the period. Van ECK Associates Corp raised its holdings in shares of Seabridge Gold by 210.3% in the 3rd quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock valued at $197,514,000 after purchasing an additional 5,543,170 shares during the period. Quantbot Technologies LP raised its holdings in shares of Seabridge Gold by 196.0% in the 3rd quarter. Quantbot Technologies LP now owns 54,171 shares of the basic materials company’s stock valued at $1,308,000 after purchasing an additional 35,873 shares during the period. Elevatus Welath Management bought a new stake in shares of Seabridge Gold in the 3rd quarter valued at about $3,676,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of Seabridge Gold by 41.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 122,561 shares of the basic materials company’s stock valued at $2,960,000 after purchasing an additional 36,073 shares during the period. 34.85% of the stock is owned by 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.