Eschler Asset Management LLP Sells 17,000 Shares of Seabridge Gold, Inc. $SA

Eschler Asset Management LLP lowered its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 48.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,000 shares of the basic materials company’s stock after selling 17,000 shares during the quarter. Eschler Asset Management LLP’s holdings in Seabridge Gold were worth $435,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SA. Van ECK Associates Corp increased its stake in shares of 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 valued at $197,514,000 after buying an additional 5,543,170 shares during the period. Vanguard Group Inc. lifted its stake in Seabridge Gold by 1,867.5% in the third quarter. Vanguard Group Inc. now owns 1,296,919 shares of the basic materials company’s stock worth $31,284,000 after acquiring an additional 1,231,002 shares during the period. Cibc World Market Inc. boosted its holdings in Seabridge Gold by 16.5% in the third quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company’s stock valued at $51,396,000 after acquiring an additional 302,476 shares in the last quarter. HRT Financial LP bought a new stake in Seabridge Gold in the second quarter valued at $2,366,000. Finally, Elevatus Welath Management purchased a new position in Seabridge Gold during the 3rd quarter valued at $3,676,000. 34.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SA. Weiss Ratings restated a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. B. Riley Financial lifted their target price on shares of Seabridge Gold from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Zacks Research raised shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen lowered shares of Seabridge Gold from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $65.00.

Seabridge Gold Price Performance

SA opened at $32.64 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.55. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -85.88 and a beta of 0.76. The stock has a fifty day simple moving average of $33.19 and a two-hundred day simple moving average of $27.40. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $40.06.

Seabridge Gold 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.