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 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. The firm’s market cap is $503.92 million. Seabridge Gold has a 52 week low of $5.46 and a 52 week high of $15.88. The company has a 50-day moving average price of $10.45 and a 200 day moving average price of $12.22.

A number of hedge funds have recently added to or reduced their stakes in the stock. GWM Advisors LLC acquired a new stake in Seabridge Gold during the second quarter valued at about $362,000. Fox Run Management L.L.C. raised its stake in Seabridge Gold by 82.5% in the second quarter. Fox Run Management L.L.C. now owns 21,900 shares of the company’s stock valued at $321,000 after buying an additional 9,900 shares in the last quarter. Bank of Montreal Can acquired a new stake in Seabridge Gold during the second quarter valued at about $3,760,000. Prospera Financial Services Inc raised its stake in Seabridge Gold by 156.9% in the second quarter. Prospera Financial Services Inc now owns 52,986 shares of the company’s stock valued at $778,000 after buying an additional 32,361 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new stake in Seabridge Gold during the second quarter valued at about $436,000. Hedge funds and other 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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