ValuEngine upgraded shares of Seabridge Gold (NYSE:SA) (TSE:SEA) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Roth Capital restated a buy rating on shares of Seabridge Gold in a research note on Friday, July 13th.

SA opened at $11.00 on Monday. The stock has a market cap of $659.59 million, a price-to-earnings ratio of -78.57 and a beta of -0.11. Seabridge Gold has a 52-week low of $9.80 and a 52-week high of $13.70.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Thursday, August 9th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. equities research analysts forecast that Seabridge Gold will post -0.27 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SA. Commonwealth Equity Services LLC bought a new position in Seabridge Gold during the 2nd quarter valued at about $127,000. Royal Bank of Canada lifted its stake in shares of Seabridge Gold by 87.2% in the 1st quarter. Royal Bank of Canada now owns 13,468 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 6,275 shares during the period. OLD Mission Capital LLC bought a new position in shares of Seabridge Gold in the 2nd quarter worth approximately $150,000. Tower Research Capital LLC TRC lifted its stake in shares of Seabridge Gold by 350.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,978 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 13,988 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Seabridge Gold in the 1st quarter worth approximately $233,000. Institutional investors and hedge funds own 25.81% of the company’s stock.

About Seabridge Gold

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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