Quantbot Technologies LP Buys 35,873 Shares of Seabridge Gold, Inc. $SA

Quantbot Technologies LP lifted its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 196.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 54,171 shares of the basic materials company’s stock after buying an additional 35,873 shares during the quarter. Quantbot Technologies LP’s holdings in Seabridge Gold were worth $1,308,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in Seabridge Gold by 3,413.8% in the third quarter. PNC Financial Services Group Inc. now owns 42,165 shares of the basic materials company’s stock worth $1,018,000 after buying an additional 40,965 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Seabridge Gold in the 2nd quarter worth about $404,000. Ontario Teachers Pension Plan Board raised its stake in Seabridge Gold by 10.8% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 1,490,415 shares of the basic materials company’s stock valued at $21,652,000 after acquiring an additional 145,528 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Seabridge Gold during the second quarter valued at about $1,158,000. Finally, Kopernik Global Investors LLC boosted its position in Seabridge Gold by 0.5% during the second quarter. Kopernik Global Investors LLC now owns 7,382,606 shares of the basic materials company’s stock worth $107,195,000 after purchasing an additional 39,651 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Seabridge Gold stock opened at $33.24 on Friday. Seabridge Gold, Inc. has a 1-year low of $9.40 and a 1-year high of $40.06. 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 firm has a market capitalization of $3.57 billion, a PE ratio of -87.47 and a beta of 0.76. The firm’s 50 day simple moving average is $32.82 and its 200 day simple moving average is $26.80.

Analyst Upgrades and Downgrades

SA has been the topic of several research reports. Zacks Research raised shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. B. Riley Financial lifted their price objective 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. Wall Street Zen downgraded Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.