Seabridge Gold (TSE:SEA) Sets New 52-Week High - Still a Buy?

Shares of Seabridge Gold Inc. (TSE:SEA - Get Free Report) NYSE: SA reached a new 52-week high during trading on Friday . The stock traded as high as C$25.89 and last traded at C$25.71, with a volume of 77485 shares trading hands. The stock had previously closed at C$23.95.

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Seabridge Gold Price Performance

The stock has a market capitalization of C$2.32 billion, a price-to-earnings ratio of 287.89 and a beta of 1.09. The company has a quick ratio of 3.34, a current ratio of 2.11 and a debt-to-equity ratio of 57.06. The business's 50 day simple moving average is C$23.28 and its 200-day simple moving average is C$21.59.

Seabridge Gold (TSE:SEA - Get Free Report) NYSE: SA last posted its earnings results on Tuesday, August 13th. The company reported C$0.51 EPS for the quarter, topping analysts' consensus estimates of C$0.04 by C$0.47. On average, research analysts forecast that Seabridge Gold Inc. will post -0.31 earnings per share for the current year.

Insider Activity at Seabridge Gold

In other Seabridge Gold news, Senior Officer Julie Rachynski sold 1,396 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$21.45, for a total transaction of C$29,944.20. In other news, Senior Officer Christopher Justin Reynolds sold 2,123 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$23.06, for a total transaction of C$48,956.38. Also, Senior Officer Julie Rachynski sold 1,396 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$21.45, for a total transaction of C$29,944.20. Insiders sold a total of 3,819 shares of company stock worth $86,386 in the last quarter. 2.78% of the stock is owned by insiders.

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About Seabridge Gold

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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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.

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