Swiss National Bank raised its position in Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,100 shares of the basic materials company’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank owned 0.13% of Seabridge Gold worth $1,056,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SA. FMR LLC lifted its stake in shares of Seabridge Gold by 10.5% during the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after purchasing an additional 116,420 shares in the last quarter. Raymond James & Associates lifted its position in Seabridge Gold by 57.0% during the 1st quarter. Raymond James & Associates now owns 127,514 shares of the basic materials company’s stock worth $1,580,000 after acquiring an additional 46,320 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Seabridge Gold by 102.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,600 shares of the basic materials company’s stock worth $1,089,000 after acquiring an additional 44,400 shares during the period. Cetera Advisor Networks LLC purchased a new position in Seabridge Gold in the 1st quarter worth approximately $217,000. Finally, Good Life Advisors LLC acquired a new stake in Seabridge Gold in the first quarter valued at approximately $142,000. Institutional investors own 23.96% of the company’s stock.
SA has been the topic of a number of analyst reports. B. Riley lifted their price objective on shares of Seabridge Gold from $24.60 to $25.40 and gave the company a “buy” rating in a research note on Monday. Canaccord Genuity restated a “buy” rating on shares of Seabridge Gold in a research note on Friday, July 19th. Zacks Investment Research raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, ValuEngine downgraded shares of Seabridge Gold from a “buy” rating to a “hold” rating in a research note on Friday, September 6th.
Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Tuesday, August 13th. The basic materials company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. As a group, analysts expect that Seabridge Gold Inc will post -0.13 EPS for the current year.
Seabridge Gold Company Profile
Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.
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