Swiss National Bank boosted its position in Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,600 shares of the basic materials company’s stock after acquiring an additional 2,300 shares during the period. Swiss National Bank’s holdings in Seabridge Gold were worth $1,169,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SA. FMR LLC grew its holdings in Seabridge Gold by 10.5% during the 1st quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after acquiring an additional 116,420 shares during the period. Millennium Management LLC lifted its stake in shares of Seabridge Gold by 64.7% in the 3rd quarter. Millennium Management LLC now owns 457,947 shares of the basic materials company’s stock valued at $5,797,000 after purchasing an additional 179,864 shares during the period. Alps Advisors Inc. lifted its stake in shares of Seabridge Gold by 32.0% in the 3rd quarter. Alps Advisors Inc. now owns 156,869 shares of the basic materials company’s stock valued at $1,986,000 after purchasing an additional 38,034 shares during the period. GWM Advisors LLC boosted its position in shares of Seabridge Gold by 1.4% in the 4th quarter. GWM Advisors LLC now owns 74,850 shares of the basic materials company’s stock worth $1,034,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Seabridge Gold in the 3rd quarter worth $368,000. Institutional investors and hedge funds own 23.99% of the company’s stock.
Seabridge Gold stock traded down $0.73 during midday trading on Monday, hitting $10.27. 16,919 shares of the stock were exchanged, compared to its average volume of 483,622. The stock has a market capitalization of $698.50 million, a PE ratio of -69.33 and a beta of 0.48. The company has a fifty day simple moving average of $12.97 and a two-hundred day simple moving average of $13.17. Seabridge Gold Inc has a 52 week low of $9.65 and a 52 week high of $16.55.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. Finally, B. Riley boosted their target price on Seabridge Gold from $27.00 to $30.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th.
Seabridge Gold Company 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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