Seabridge Gold (NYSE:SA) Shares Gap Down – Time to Sell?

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $15.09, but opened at $14.35. Seabridge Gold shares last traded at $14.45, with a volume of 14,354 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

Seabridge Gold Trading Down 1.8 %

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’s 50-day simple moving average is $16.95 and its 200-day simple moving average is $16.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ORG Partners LLC grew its stake in shares of Seabridge Gold by 735.6% during the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,655 shares during the period. US Bancorp DE grew its position in Seabridge Gold by 116.7% during the third quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock worth $37,000 after buying an additional 1,202 shares during the period. Mather Group LLC. acquired a new position in Seabridge Gold during the second quarter worth about $40,000. Signaturefd LLC lifted its position in shares of Seabridge Gold by 66.9% during the 3rd quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 1,112 shares during the period. Finally, Perkins Coie Trust Co purchased a new stake in shares of Seabridge Gold during the 2nd quarter worth approximately $93,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

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.