Seabridge Gold (NYSE:SA) Sets New 52-Week High - Still a Buy?

Shares of Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA reached a new 52-week high on Monday . The stock traded as high as $19.04 and last traded at $19.04, with a volume of 1137 shares traded. The stock had previously closed at $18.77.

Analysts Set New Price Targets

Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a research report on Monday, August 19th.

Seabridge Gold Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.11 and a quick ratio of 2.11. The firm's 50-day simple moving average is $17.24 and its 200 day simple moving average is $15.83.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.34.

Institutional Investors Weigh In On Seabridge Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SA. ORG Partners LLC raised its holdings in Seabridge Gold by 735.6% during the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 1,655 shares during the period. Larson Financial Group LLC purchased a new position in shares of Seabridge Gold in the first quarter valued at $30,000. Mather Group LLC. bought a new stake in shares of Seabridge Gold during the 2nd quarter valued at $40,000. Perkins Coie Trust Co purchased a new stake in Seabridge Gold during the 2nd quarter worth about $93,000. Finally, Banque Cantonale Vaudoise boosted its stake in Seabridge Gold by 33.4% in the 2nd quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company's stock worth $102,000 after purchasing an additional 1,871 shares during the period. 34.85% of the stock is currently 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.