29,060 Shares in Seabridge Gold, Inc. $SA Purchased by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the 2nd quarter, Holdings Channel reports. The fund acquired 29,060 shares of the basic materials company’s stock, valued at approximately $748,000.

Several other large investors also recently added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. purchased a new stake in Seabridge Gold during the fourth quarter valued at approximately $30,000. Smartleaf Asset Management LLC purchased a new position in shares of Seabridge Gold in the 4th quarter worth approximately $30,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Seabridge Gold by 77.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 465 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Seabridge Gold during the 4th quarter valued at approximately $39,000. Finally, Allworth Financial LP bought a new position in shares of Seabridge Gold during the 2nd quarter valued at approximately $39,000. 34.85% of the stock is owned by institutional investors.

Seabridge Gold Stock Down 1.9%

Shares of NYSE SA opened at $31.76 on Tuesday. Seabridge Gold, Inc. has a 1 year low of $23.69 and a 1 year high of $35.12. The firm has a 50-day simple moving average of $28.36 and a two-hundred day simple moving average of $30.18. The company has a market cap of $3.43 billion and a P/E ratio of -65.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SA. B. Riley Financial began coverage on Seabridge Gold in a research report on Monday, August 3rd. They issued a “buy” rating and a $40.00 price target for the company. Wall Street Zen upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $40.00.

Seabridge Gold Profile

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.