Strait & Sound Wealth Management LLC Buys 1,719 Shares of Seabridge Gold, Inc. $SA

Strait & Sound Wealth Management LLC lifted its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,778 shares of the basic materials company’s stock after buying an additional 1,719 shares during the quarter. Strait & Sound Wealth Management LLC owned about 0.13% of Seabridge Gold worth $1,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Seabridge Gold in the first quarter worth about $26,000. Northwest & Ethical Investments L.P. bought a new position in shares of Seabridge Gold in the first quarter worth about $39,000. Wealth Preservation Advisors LLC bought a new position in shares of Seabridge Gold in the first quarter worth about $121,000. Baird Financial Group Inc. bought a new position in shares of Seabridge Gold in the first quarter worth about $122,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Seabridge Gold in the fourth quarter worth about $140,000. Institutional investors own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

Seabridge Gold Stock Up 2.3%

Shares of SA opened at $17.74 on Monday. The business’s 50 day moving average is $16.19 and its 200 day moving average is $13.64. The company has a market capitalization of $1.81 billion, a PE ratio of -46.67 and a beta of 0.68. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $20.55. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter.

Seabridge Gold Company 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.