Strait & Sound Wealth Management LLC Grows Position in Seabridge Gold, Inc. $SA

Strait & Sound Wealth Management LLC raised its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 131,753 shares of the basic materials company’s stock after purchasing an additional 2,975 shares during the quarter. Seabridge Gold makes up approximately 0.8% of Strait & Sound Wealth Management LLC’s portfolio, making the stock its 29th largest holding. Strait & Sound Wealth Management LLC owned 0.13% of Seabridge Gold worth $1,913,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SA. Banque Cantonale Vaudoise purchased a new stake in Seabridge Gold during the first quarter valued at about $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Seabridge Gold in the second quarter worth about $26,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Seabridge Gold in the first quarter worth about $39,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Seabridge Gold in the first quarter worth about $121,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Seabridge Gold in the first quarter worth about $122,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Seabridge Gold in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Seabridge Gold Trading Down 0.1%

Shares of SA opened at $23.49 on Friday. Seabridge Gold, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $29.31. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -61.82 and a beta of 0.76. The firm has a 50 day moving average price of $21.04 and a 200-day moving average price of $16.44. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24.

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

About Seabridge Gold

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.