Seabridge Gold (NYSE:SA) Stock Price Down 4.1% - What's Next?

Shares of Seabridge Gold, Inc. (NYSE:SA - Get Free Report) TSE: SEA were down 4.1% on Wednesday . The company traded as low as $30.37 and last traded at $30.3890. Approximately 131,189 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 995,384 shares. The stock had previously closed at $31.69.Get Seabridge Gold alerts:Analysts Set New Price TargetsWhy Investors Have Flocked to 2 Unorthodox ETFs This MonthSeveral analysts have issued reports on the stock. Zacks Research downgraded shares of Seabridge Gold from a "hold" rating to a "strong sell" rating in a report on Monday, November 24th. Wall Street Zen cut Seabridge Gold from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of Seabridge Gold in a report on Monday. Finally, B. Riley increased their price objective on Seabridge Gold from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $65.00.Get Our Latest Stock Report on SASeabridge Gold Price PerformanceThe Metals Market Is Heating Up—4 Stocks Poised to ShineThe firm has a market capitalization of $3.20 billion, a P/E ratio of -80.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.99 and a current ratio of 2.99. The stock has a 50 day moving average of $26.17 and a two-hundred day moving average of $20.64. Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings data on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.20). Institutional Inflows and Outflows3 International Bank Stocks With Strong DividendsLarge investors have recently modified their holdings of the business. Van ECK Associates Corp increased its stake in Seabridge Gold by 210.3% during the third quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company's stock valued at $197,514,000 after acquiring an additional 5,543,170 shares during the period. Vanguard Group Inc. raised its stake in shares of Seabridge Gold by 1,867.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,296,919 shares of the basic materials company's stock valued at $31,284,000 after buying an additional 1,231,002 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Seabridge Gold by 912,796.4% in the 1st quarter. Jones Financial Companies Lllp now owns 502,093 shares of the basic materials company's stock valued at $5,859,000 after buying an additional 502,038 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Seabridge Gold by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 3,071,781 shares of the basic materials company's stock valued at $74,184,000 after acquiring an additional 339,913 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Seabridge Gold by 16.5% during the 3rd quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company's stock worth $51,396,000 after buying an additional 302,476 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds. Seabridge Gold Company Profile (Get Free Report)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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada. Recommended StoriesFive stocks we like better than Seabridge GoldThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Seabridge Gold Right Now?Before you consider Seabridge Gold, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seabridge Gold wasn't on the list.While Seabridge Gold currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here