Seabridge Gold (NYSE:SA) Shares Gap Up – Time to Buy?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.46, but opened at $12.89. Seabridge Gold shares last traded at $13.14, with a volume of 263,166 shares changing hands.

Seabridge Gold Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -50.20 and a beta of 1.01. The company has a 50-day simple moving average of $11.50 and a two-hundred day simple moving average of $13.40.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

Institutional Investors Weigh In On Seabridge Gold

Several institutional investors have recently bought and sold shares of SA. R Squared Ltd acquired a new stake in shares of Seabridge Gold in the fourth quarter valued at $28,000. Lee Danner & Bass Inc. bought a new position in shares of Seabridge Gold during the 4th quarter valued at about $70,000. HighTower Advisors LLC acquired a new position in shares of Seabridge Gold in the 4th quarter worth approximately $118,000. Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Seabridge Gold during the fourth quarter valued at approximately $138,000. Finally, Uniting Wealth Partners LLC bought a new stake in Seabridge Gold during the fourth quarter worth approximately $139,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Company Profile

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.