Balance Sheet Dive: Seabridge Gold, Inc (SA)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

Kevin Freeman

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After finishing at $29.3 in the prior trading day, Seabridge Gold, Inc (NYSE: SA) closed at $29.03, down -0.92%. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 1.05 million shares were traded. SA stock price reached its highest trading level at $29.31 during the session, while it also had its lowest trading level at $27.78.

Ratios:

Our goal is to gain a better understanding of SA by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.99 and its Current Ratio is at 2.99. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.55.

Upgrades & Downgrades

In the most recent recommendation for this company, RBC Capital Mkts on September 18, 2023, initiated with a Outperform rating and assigned the stock a target price of $25.

On April 30, 2019, B. Riley FBR started tracking the stock assigning a Buy rating and target price of $22.

Singular Research reiterated its Buy rating for the stock on August 19, 2014, while the target price for the stock was revised from $10.15 to $14.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SA now has a Market Capitalization of 3029185536 and an Enterprise Value of 3502336512.

Stock Price History:

The Beta on a monthly basis for SA is 0.83, which has changed by 1.1386862 over the last 52 weeks, in comparison to a change of 0.13042927 over the same period for the S&P500. Over the past 52 weeks, SA has reached a high of $31.35, while it has fallen to a 52-week low of $9.40. The 50-Day Moving Average of the stock is 14.90%, while the 200-Day Moving Average is calculated to be 69.10%.

Shares Statistics:

The stock has traded on average 1.40M shares per day over the past 3-months and 1044130 shares per day over the last 10 days, according to various share statistics. A total of 103.84M shares are outstanding, with a floating share count of 85.18M. Insiders hold about 18.37% of the company’s shares, while institutions hold 42.12% stake in the company. Shares short for SA as of 1764288000 were 5964161 with a Short Ratio of 4.26, compared to 1761868800 on 6224493. Therefore, it implies a Short% of Shares Outstanding of 5964161 and a Short% of Float of 5.82.

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