Seabridge Gold, Inc. $SA Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 82.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,371,496 shares of the basic materials company’s stock after purchasing an additional 1,074,577 shares during the quarter. Vanguard Group Inc.’s holdings in Seabridge Gold were worth $70,305,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Seabridge Gold by 20.2% during the 4th quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 502 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Seabridge Gold by 2.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 48,810 shares of the basic materials company’s stock valued at $709,000 after purchasing an additional 1,000 shares during the period. Creative Planning increased its position in shares of Seabridge Gold by 3.8% during the 3rd quarter. Creative Planning now owns 28,462 shares of the basic materials company’s stock valued at $687,000 after purchasing an additional 1,043 shares during the period. CWM LLC increased its position in shares of Seabridge Gold by 4.4% during the 4th quarter. CWM LLC now owns 27,826 shares of the basic materials company’s stock valued at $823,000 after purchasing an additional 1,175 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Seabridge Gold by 41.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,250 shares of the basic materials company’s stock valued at $103,000 after purchasing an additional 1,250 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Stock Performance

Shares of NYSE SA opened at $31.54 on Friday. Seabridge Gold, Inc. has a 52-week low of $11.12 and a 52-week high of $40.06. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of -65.71 and a beta of 0.83. The stock’s fifty day simple moving average is $30.29 and its 200 day simple moving average is $29.96.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). As a group, sell-side analysts forecast that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated 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 research report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently 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.