Seabridge Gold (NYSE:SA) Shares Up 6.9% - Time to Buy?

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA's stock price shot up 6.9% on Friday . The company traded as high as $18.64 and last traded at $18.56. 609,455 shares were traded during trading, an increase of 24% from the average session volume of 491,190 shares. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

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

Seabridge Gold Trading Up 8.2 %

The firm's fifty day simple moving average is $17.18 and its 200 day simple moving average is $15.82. The stock has a market capitalization of $1.69 billion, a P/E ratio of -268.71 and a beta of 1.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.11 and a current ratio of 2.11.

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

Hedge Funds Weigh In On Seabridge Gold

A number of institutional investors have recently modified their holdings of SA. St. Johns Investment Management Company LLC acquired a new stake in Seabridge Gold in the first quarter valued at approximately $121,000. Privium Fund Management B.V. increased its holdings in Seabridge Gold by 9.8% in the 1st quarter. Privium Fund Management B.V. now owns 38,207 shares of the basic materials company's stock worth $578,000 after purchasing an additional 3,400 shares in the last quarter. Van ECK Associates Corp raised its position in Seabridge Gold by 5.1% in the first quarter. Van ECK Associates Corp now owns 3,680,468 shares of the basic materials company's stock valued at $55,649,000 after purchasing an additional 178,672 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Seabridge Gold during the first quarter valued at about $30,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Seabridge Gold by 3.4% during the first quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company's stock worth $741,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company's stock.

About Seabridge Gold

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.