Seabridge Gold (NYSE:SA) Hits New 52-Week Low – Here’s What Happened

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $10.72 and last traded at $10.75, with a volume of 161094 shares trading hands. The stock had previously closed at $11.24.

Seabridge Gold Trading Down 4.4 %

The business’s 50-day simple moving average is $12.03 and its 200-day simple moving average is $14.94. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.06 billion, a PE ratio of -43.14 and a beta of 1.11.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of Seabridge Gold by 316.2% in the 4th quarter. Mackenzie Financial Corp now owns 46,343 shares of the basic materials company’s stock valued at $528,000 after buying an additional 35,209 shares in the last quarter. Strait & Sound Wealth Management LLC boosted its stake in Seabridge Gold by 12.6% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 127,059 shares of the basic materials company’s stock worth $1,450,000 after buying an additional 14,206 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Seabridge Gold by 2.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,450 shares of the basic materials company’s stock valued at $861,000 after buying an additional 1,490 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Seabridge Gold in the 4th quarter valued at $273,000. Finally, Two Sigma Investments LP bought a new position in shares of Seabridge Gold during the 4th quarter worth about $276,000. 34.85% of the stock is owned by institutional investors and hedge funds.

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.