Seabridge Gold (NYSE:SA) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Seabridge Gold (NYSE:SA) (TSE:SEA) from a hold rating to a buy rating in a research note released on Monday, February 4th.

Separately, Zacks Investment Research raised shares of Seabridge Gold from a hold rating to a buy rating and set a $13.00 target price on the stock in a report on Tuesday, December 18th.

Seabridge Gold stock traded down $0.34 on Monday, hitting $13.99. The company’s stock had a trading volume of 374,045 shares, compared to its average volume of 266,249. Seabridge Gold has a one year low of $10.20 and a one year high of $15.30. The firm has a market capitalization of $910.21 million, a PE ratio of -99.93 and a beta of 0.12.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GWM Advisors LLC increased its stake in Seabridge Gold by 2.0% during the 4th quarter. GWM Advisors LLC now owns 94,600 shares of the basic materials company’s stock worth $1,252,000 after purchasing an additional 1,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Seabridge Gold by 13.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,921 shares of the basic materials company’s stock worth $409,000 after purchasing an additional 3,746 shares in the last quarter. St. Johns Investment Management Company LLC bought a new stake in Seabridge Gold during the 4th quarter worth approximately $52,000. Vanguard Group Inc. increased its stake in Seabridge Gold by 30.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,971 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Vanguard Group Inc increased its stake in Seabridge Gold by 30.2% during the 3rd quarter. Vanguard Group Inc now owns 18,971 shares of the basic materials company’s stock worth $246,000 after purchasing an additional 4,400 shares in the last quarter. 25.26% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Company Profile

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

Read More: Return on Equity (ROE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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