Seabridge Gold, Inc. $SA Shares Acquired by Everstar Asset Management LLC

Everstar Asset Management LLC lifted its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 489.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,608 shares of the basic materials company’s stock after purchasing an additional 63,608 shares during the period. Seabridge Gold accounts for about 1.1% of Everstar Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Everstar Asset Management LLC owned approximately 0.07% of Seabridge Gold worth $2,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SA. Caitlin John LLC acquired a new position in shares of Seabridge Gold during the 3rd quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Seabridge Gold during the 4th quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Seabridge Gold during the 3rd quarter valued at about $72,000. Farther Finance Advisors LLC boosted its position in shares of Seabridge Gold by 1,703.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Seabridge Gold during the 4th quarter valued at about $89,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Trading Down 6.7%

SA opened at $29.45 on Friday. The business’s 50 day moving average price is $30.19 and its 200 day moving average price is $29.96. Seabridge Gold, Inc. has a one year low of $11.14 and a one year high of $40.06. The company has a debt-to-equity ratio of 0.46, a quick ratio of 5.24 and a current ratio of 6.71. The stock has a market capitalization of $3.17 billion, a PE ratio of -60.85 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

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

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.