Seabridge Gold, Inc. $SA Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 109.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 539,446 shares of the basic materials company’s stock after acquiring an additional 281,512 shares during the period. TD Asset Management Inc’s holdings in Seabridge Gold were worth $16,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Seabridge Gold by 210.3% during the third quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock worth $197,514,000 after acquiring an additional 5,543,170 shares during the last quarter. Tidal Investments LLC raised its position in Seabridge Gold by 12.4% during the third quarter. Tidal Investments LLC now owns 3,071,781 shares of the basic materials company’s stock worth $74,184,000 after acquiring an additional 339,913 shares during the last quarter. Vanguard Group Inc. raised its position in Seabridge Gold by 82.9% during the fourth quarter. Vanguard Group Inc. now owns 2,371,496 shares of the basic materials company’s stock worth $70,305,000 after acquiring an additional 1,074,577 shares during the last quarter. Cibc World Market Inc. raised its position in Seabridge Gold by 2.4% during the fourth quarter. Cibc World Market Inc. now owns 2,182,535 shares of the basic materials company’s stock worth $64,712,000 after acquiring an additional 51,350 shares during the last quarter. Finally, Amundi raised its position in Seabridge Gold by 5.2% during the third quarter. Amundi now owns 740,149 shares of the basic materials company’s stock worth $18,296,000 after acquiring an additional 36,868 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

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

Seabridge Gold Stock Performance

NYSE:SA opened at $27.85 on Tuesday. The firm has a 50 day simple moving average of $30.68 and a 200-day simple moving average of $30.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71. The firm has a market cap of $3.00 billion, a PE ratio of -57.55 and a beta of 0.89. Seabridge Gold, Inc. has a 1-year low of $13.93 and a 1-year high of $40.06.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). On average, equities analysts expect that Seabridge Gold, Inc. will post -0.17 EPS for the current year.

About Seabridge Gold

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.