TMB Capital Partners LLC Invests $1.37 Million in Seabridge Gold, Inc. $SA

TMB Capital Partners LLC acquired a new stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 46,153 shares of the basic materials company’s stock, valued at approximately $1,366,000.

A number of other large investors also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec increased its stake in Seabridge Gold by 77.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after buying an additional 465 shares in the last quarter. Signaturefd LLC lifted its position in shares of Seabridge Gold by 20.2% in the fourth quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock valued at $89,000 after acquiring an additional 502 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Seabridge Gold by 3.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 522 shares during the period. Uniting Wealth Partners LLC grew its position in shares of Seabridge Gold by 8.7% during the fourth quarter. Uniting Wealth Partners LLC now owns 12,530 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Seabridge Gold during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Seabridge Gold Stock Down 3.4%

Shares of SA stock opened at $29.62 on Friday. The company’s fifty day simple moving average is $30.65 and its two-hundred day simple moving average is $31.06. Seabridge Gold, Inc. has a 52 week low of $24.73 and a 52 week high of $33.04. The stock has a market cap of $3.19 billion, a P/E ratio of -61.20 and a beta of 0.89. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46.

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

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.