Seabridge Gold (NYSE:SA) Shares Up 3.7% - What's Next?

Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA rose 3.7% during mid-day trading on Thursday . The company traded as high as $11.68 and last traded at $11.67. Approximately 96,643 shares were traded during trading, a decline of 90% from the average daily volume of 949,297 shares. The stock had previously closed at $11.25.

Seabridge Gold Price Performance

The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -47.34 and a beta of 1.00. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The stock's fifty day moving average price is $11.83 and its 200-day moving average price is $14.31.

Institutional Trading of Seabridge Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in shares of Seabridge Gold by 26.1% during the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock valued at $46,468,000 after acquiring an additional 573,400 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Seabridge Gold during the 4th quarter worth approximately $12,676,000. Toronto Dominion Bank increased its holdings in Seabridge Gold by 0.4% in the 3rd quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company's stock valued at $16,890,000 after purchasing an additional 3,734 shares during the last quarter. Ontario Teachers Pension Plan Board raised its position in Seabridge Gold by 14.2% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 984,704 shares of the basic materials company's stock valued at $11,220,000 after purchasing an additional 122,627 shares during the period. Finally, Amundi raised its position in Seabridge Gold by 15.3% in the fourth quarter. Amundi now owns 648,968 shares of the basic materials company's stock valued at $7,736,000 after purchasing an additional 86,046 shares during the period. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

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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.