Seabridge Gold (NYSE:SA) Shares Gap Down – Should You Sell?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s share price gapped down prior to trading on Friday . The stock had previously closed at $13.33, but opened at $12.20. Seabridge Gold shares last traded at $11.94, with a volume of 588,236 shares trading hands.

Seabridge Gold Trading Down 13.7 %

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 company has a 50 day moving average of $12.32 and a two-hundred day moving average of $15.18. The stock has a market cap of $1.06 billion, a PE ratio of -46.15 and a beta of 1.11.

Hedge Funds Weigh In On Seabridge Gold

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp increased its stake in Seabridge Gold by 6.8% during the 4th quarter. Stifel Financial Corp now owns 93,905 shares of the basic materials company’s stock worth $1,071,000 after buying an additional 6,008 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Seabridge Gold by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 378,751 shares of the basic materials company’s stock worth $4,321,000 after buying an additional 2,663 shares in the last quarter. Marshall Wace LLP increased its stake in Seabridge Gold by 97.7% during the 4th quarter. Marshall Wace LLP now owns 182,196 shares of the basic materials company’s stock worth $2,079,000 after buying an additional 90,057 shares in the last quarter. NewEdge Advisors LLC increased its stake in Seabridge Gold by 1.4% during the 4th quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company’s stock worth $954,000 after buying an additional 1,125 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold by 14.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 984,704 shares of the basic materials company’s stock worth $11,220,000 after buying an additional 122,627 shares in the last quarter. Hedge funds and other 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.