TMB Capital Partners LLC Takes $1.37 Million Position in Seabridge Gold, Inc. $SA

TMB Capital Partners LLC purchased a new position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 46,153 shares of the basic materials company’s stock, valued at approximately $1,366,000.

Several other large investors also recently modified their holdings of the company. Mackenzie Financial Corp lifted its holdings in Seabridge Gold by 73.6% in the fourth quarter. Mackenzie Financial Corp now owns 94,961 shares of the basic materials company’s stock valued at $2,868,000 after acquiring an additional 40,262 shares during the period. NewEdge Advisors LLC grew its stake in shares of Seabridge Gold by 8.7% during the 4th quarter. NewEdge Advisors LLC now owns 90,287 shares of the basic materials company’s stock valued at $2,672,000 after purchasing an additional 7,190 shares during the period. Toronto Dominion Bank grew its stake in shares of Seabridge Gold by 2.2% during the 4th quarter. Toronto Dominion Bank now owns 1,024,001 shares of the basic materials company’s stock valued at $30,358,000 after purchasing an additional 21,679 shares during the period. Millennium Management LLC grew its stake in shares of Seabridge Gold by 37.4% during the 4th quarter. Millennium Management LLC now owns 448,617 shares of the basic materials company’s stock valued at $13,276,000 after purchasing an additional 122,145 shares during the period. Finally, Investment Management Corp of Ontario purchased a new stake in shares of Seabridge Gold during the 4th quarter valued at about $310,000. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of SA opened at $29.62 on Friday. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $30.65 and a two-hundred day simple moving average of $31.06. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -61.20 and a beta of 0.89. Seabridge Gold, Inc. has a 52 week low of $24.73 and a 52 week high of $33.04.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on SA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. 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, 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. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $65.00.

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.