Seabridge Gold, Inc. $SA Shares Newly Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,824 shares of the basic materials company’s stock, valued at approximately $947,000.

Several other hedge funds also recently modified their holdings of SA. Cibc World Market Inc. bought a new position in shares of Seabridge Gold in the second quarter valued at approximately $52,690,000. Ontario Teachers Pension Plan Board bought a new stake in Seabridge Gold during the 2nd quarter worth approximately $45,048,000. Deutsche Bank AG bought a new stake in Seabridge Gold during the 2nd quarter worth approximately $12,685,000. BlackRock Inc. acquired a new stake in Seabridge Gold during the 2nd quarter valued at $10,480,000. Finally, Kopernik Global Investors LLC increased its holdings in Seabridge Gold by 5.1% during the 1st quarter. Kopernik Global Investors LLC now owns 7,332,863 shares of the basic materials company’s stock valued at $207,813,000 after purchasing an additional 353,252 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. B. Riley Financial initiated coverage on Seabridge Gold in a research report on Monday, August 3rd. They issued a “buy” rating and a $40.00 price objective for the company. Zacks Research raised Seabridge Gold to a “hold” rating in a report on Tuesday, September 1st. Weiss Ratings upgraded shares of Seabridge Gold from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Royal Bank Of Canada increased their price objective on shares of Seabridge Gold from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Seabridge Gold has an average rating of “Hold” and a consensus target price of $56.00.

Seabridge Gold Trading Down 6.7%

Shares of SA opened at $26.06 on Wednesday. The stock’s fifty day simple moving average is $28.00 and its 200-day simple moving average is $29.73. The firm has a market capitalization of $2.82 billion, a PE ratio of 126.50 and a beta of 0.84. Seabridge Gold, Inc. has a 12-month low of $23.26 and a 12-month high of $35.12. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46.

Seabridge Gold Profile

Seabridge Gold Inc. is a Canadian mineral exploration and development company focused on acquiring and advancing gold and copper properties. Founded in 1999, the company seeks to grow its mineral reserves through exploration and project development rather than operating producing mines. Its principal asset is the 100%-owned KSM project in northwestern British Columbia, a large gold-copper development project. Seabridge also holds interests in exploration and development properties including Iskut in British Columbia, Courageous Lake in the Northwest Territories and Snowstorm in Nevada.