Seabridge Gold (NYSE:SA) Sets New 52-Week Low - Here's Why

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA's share price reached a new 52-week low during trading on Tuesday . The company traded as low as $10.34 and last traded at $10.47, with a volume of 145355 shares traded. The stock had previously closed at $10.64.

Seabridge Gold Trading Up 1.7 %

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -46.50 and a beta of 1.00. The business's fifty day simple moving average is $11.87 and its 200 day simple moving average is $14.61. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28.

Hedge Funds Weigh In On Seabridge Gold

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its holdings in Seabridge Gold by 116.7% in the third quarter. US Bancorp DE now owns 2,232 shares of the basic materials company's stock worth $37,000 after purchasing an additional 1,202 shares during the period. R Squared Ltd bought a new stake in Seabridge Gold in the fourth quarter valued at $28,000. Lee Danner & Bass Inc. bought a new stake in Seabridge Gold in the fourth quarter valued at $70,000. HighTower Advisors LLC bought a new stake in Seabridge Gold in the fourth quarter valued at $118,000. Finally, Ewing Morris & Co. Investment Partners Ltd. bought a new stake in Seabridge Gold in the fourth quarter valued at $138,000. 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.