Why Shares of Seabridge Gold Fell 12% in February
Beginning 2021 on a less-than-glittering note, shares of Seabridge Gold (NYSE: SA) dropped 8% in January, and shareholders evidently didn't find much reason in February to send the stock back up. While the S&P 500 rose more than 2.6% last month, shares of Seabridge Gold dropped 12.2%, according to data provided by S&P Global Market Intelligence. With no company news or notable analyst rating changes last month, investors can attribute the stock's decline to the overall dip in the market price of gold.
