Seabridge Gold, Inc. $SA Position Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 82.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,371,496 shares of the basic materials company’s stock after purchasing an additional 1,074,577 shares during the period. Vanguard Group Inc. owned 2.23% of Seabridge Gold worth $70,305,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Seabridge Gold by 32.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,245 shares of the basic materials company’s stock worth $898,000 after purchasing an additional 7,374 shares during the last quarter. CWM LLC lifted its holdings in shares of Seabridge Gold by 4.4% in the 4th quarter. CWM LLC now owns 27,826 shares of the basic materials company’s stock worth $823,000 after purchasing an additional 1,175 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Seabridge Gold by 1,703.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 2,607 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Seabridge Gold in the 4th quarter worth approximately $89,000. Finally, Signaturefd LLC lifted its holdings in shares of Seabridge Gold by 20.2% in the 4th quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after purchasing an additional 502 shares during the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Down 5.2%

Shares of Seabridge Gold stock opened at $31.54 on Friday. The business’s fifty day moving average price is $30.29 and its two-hundred day moving average price is $29.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.24 and a quick ratio of 5.24. The company has a market capitalization of $3.39 billion, a P/E ratio of -65.71 and a beta of 0.83. Seabridge Gold, Inc. has a 1-year low of $11.12 and a 1-year high of $40.06.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). As a group, research analysts forecast that Seabridge Gold, Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research downgraded Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $65.00.

Seabridge Gold Company 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.