Today, Seabridge Gold Inc. (SA) Upgrade to “Hold” by The Zacks Investment Research

Today, Seabridge Gold Inc. (SA) Upgrade to “Hold” by The Zacks Investment Research

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “Seabridge Gold is a global leader in gold and mining listings. “

Shares of Seabridge Gold (NYSE:SA) opened at 9.30 on Friday. Seabridge Gold has a 52 week low of $5.46 and a 52 week high of $15.88. The firm has a 50-day moving average of $10.45 and a 200 day moving average of $12.22. The firm’s market capitalization is $503.92 million.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. purchased a new stake in Seabridge Gold during the second quarter valued at $101,000. Clinton Group Inc. purchased a new stake in Seabridge Gold during the third quarter valued at $134,000. Advisory Services Network LLC boosted its stake in Seabridge Gold by 215.7% in the third quarter. Advisory Services Network LLC now owns 12,903 shares of the company’s stock valued at $142,000 after buying an additional 8,816 shares during the period. IFP Advisors Inc boosted its stake in Seabridge Gold by 13.1% in the second quarter. IFP Advisors Inc now owns 10,179 shares of the company’s stock valued at $149,000 after buying an additional 1,179 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Seabridge Gold by 31.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,361 shares of the company’s stock valued at $211,000 after buying an additional 3,476 shares during the period. Institutional investors own 25.06% of the company’s stock.

About Seabridge Gold

Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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