Great West Life Assurance Co. Can trimmed its holdings in Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 47.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,840 shares of the basic materials company’s stock after selling 3,422 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Seabridge Gold were worth $49,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Republic Investment Management Inc. boosted its holdings in shares of Seabridge Gold by 0.6% in the second quarter. First Republic Investment Management Inc. now owns 159,095 shares of the basic materials company’s stock valued at $2,153,000 after acquiring an additional 1,000 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of Seabridge Gold in the second quarter valued at approximately $1,349,000. A.R.T. Advisors LLC acquired a new stake in shares of Seabridge Gold in the second quarter valued at approximately $396,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Seabridge Gold in the second quarter valued at approximately $1,029,000. Finally, Aperio Group LLC acquired a new stake in shares of Seabridge Gold in the second quarter valued at approximately $114,000. 23.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold stock opened at $12.13 on Friday. Seabridge Gold Inc has a 12 month low of $10.95 and a 12 month high of $16.55. The business has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $13.10. The stock has a market capitalization of $768.85 million, a PE ratio of -46.65 and a beta of -0.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Sell-side analysts expect that Seabridge Gold Inc will post -0.13 EPS for the current fiscal year.

SA has been the subject of several research analyst reports. Zacks Investment Research downgraded Seabridge Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. ValuEngine downgraded Seabridge Gold from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. B. Riley decreased their price objective on Seabridge Gold from $25.40 to $25.30 and set a “buy” rating for the company in a report on Monday, October 21st. Finally, Canaccord Genuity reissued a “buy” rating on shares of Seabridge Gold in a report on Friday, July 19th.

Seabridge Gold 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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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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