Market Momentum: Seabridge Gold, Inc (SA) Registers a -3.68 Decrease, Closing at 15.19

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

Seabridge Gold, Inc (NYSE: SA) closed the day trading at $15.19 down -3.68% from the previous closing price of $15.77. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 0.66 million shares were traded. SA stock price reached its highest trading level at $15.785 during the session, while it also had its lowest trading level at $15.12.

Ratios:

For a better understanding of SA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.53 and its Current Ratio is at 9.53. In the meantime, Its Debt-to-Equity ratio is 0.56 whereas as Long-Term Debt/Eq ratio is at 0.56.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. 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 1527248128 and an Enterprise Value of 1921444864.

Stock Price History:

The Beta on a monthly basis for SA is 0.65, which has changed by -0.06924021 over the last 52 weeks, in comparison to a change of 0.16821623 over the same period for the S&P500. Over the past 52 weeks, SA has reached a high of $20.55, while it has fallen to a 52-week low of $9.40. The 50-Day Moving Average of the stock is 4.65%, while the 200-Day Moving Average is calculated to be 12.61%.

Shares Statistics:

Over the past 3-months, SA traded about 748.50K shares per day on average, while over the past 10 days, SA traded about 605370 shares per day. A total of 100.54M shares are outstanding, with a floating share count of 81.40M. Insiders hold about 19.04% of the company’s shares, while institutions hold 35.64% stake in the company. Shares short for SA as of 1752537600 were 5138923 with a Short Ratio of 6.87, compared to 1749772800 on 5022367. Therefore, it implies a Short% of Shares Outstanding of 5138923 and a Short% of Float of 5.21.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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