Seabridge Gold (NYSE:SA) Hits New 1-Year Low – Here’s What Happened

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $10.07 and last traded at $10.12, with a volume of 224579 shares trading hands. The stock had previously closed at $11.08.

Seabridge Gold Stock Performance

The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The stock’s 50 day moving average price is $11.78 and its 200 day moving average price is $13.85. The company has a market capitalization of $1.01 billion, a P/E ratio of -40.48 and a beta of 1.00.

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

Hedge Funds Weigh In On Seabridge Gold

Large investors have recently added to or reduced their stakes in the business. Confluence Investment Management LLC boosted its position in Seabridge Gold by 3.8% in the first quarter. Confluence Investment Management LLC now owns 44,811 shares of the basic materials company’s stock worth $523,000 after purchasing an additional 1,621 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Seabridge Gold by 5.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,850 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 1,500 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Seabridge Gold by 316.2% during the 4th quarter. Mackenzie Financial Corp now owns 46,343 shares of the basic materials company’s stock worth $528,000 after acquiring an additional 35,209 shares during the period. Strait & Sound Wealth Management LLC increased its stake in shares of 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 valued at $1,450,000 after purchasing an additional 14,206 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Seabridge Gold by 2.0% in the fourth 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 worth $861,000 after buying an additional 1,490 shares during the last quarter. Institutional investors own 34.85% of the company’s stock.

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.