Healthcare of Ontario Pension Plan Trust Fund Purchases Shares of 23,007 Seabridge Gold, Inc. $SA

Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,007 shares of the basic materials company’s stock, valued at approximately $652,000.

Several other large investors also recently bought and sold shares of the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC purchased a new position in Seabridge Gold in the 4th quarter valued at $30,000. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Seabridge Gold by 77.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 465 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Seabridge Gold in the 4th quarter valued at approximately $39,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Seabridge Gold by 274.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,706 shares of the basic materials company’s stock valued at $50,000 after buying an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Price Performance

SA opened at $25.78 on Monday. The company has a 50-day moving average of $27.88 and a 200-day moving average of $30.21. Seabridge Gold, Inc. has a 1-year low of $23.69 and a 1-year high of $33.04. The company has a market capitalization of $2.77 billion, a P/E ratio of -53.27 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SA. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Seabridge Gold from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 16th. Finally, Zacks Research lowered shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Seabridge Gold has a consensus rating of “Reduce” and an average price target 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.