Seabridge Gold (NYSE:SA) Stock Price Down 4.8% – Should You Sell?

Shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) traded down 4.8% during trading on Wednesday . The stock traded as low as $19.50 and last traded at $19.54. 289,393 shares were traded during trading, a decline of 42% from the average session volume of 497,452 shares. The stock had previously closed at $20.53.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

Seabridge Gold Stock Down 2.5 %

The stock has a market capitalization of $1.66 billion, a PE ratio of -52.22 and a beta of 1.14. The firm’s fifty day moving average is $17.49 and its 200-day moving average is $15.93. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results 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.

Institutional Trading of Seabridge Gold

Several large investors have recently modified their holdings of the business. Larson Financial Group LLC acquired a new stake in Seabridge Gold during the first quarter worth approximately $30,000. ORG Partners LLC boosted its position in Seabridge Gold by 735.6% during the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 1,655 shares during the last quarter. Mather Group LLC. acquired a new stake in Seabridge Gold during the second quarter worth approximately $40,000. Signaturefd LLC boosted its position in Seabridge Gold by 66.9% during the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,112 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Seabridge Gold during the second quarter worth approximately $93,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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.