Fox Run Management L.L.C. Invests $375,000 in Seabridge Gold, Inc. $SA

Fox Run Management L.L.C. purchased a new stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,838 shares of the basic materials company’s stock, valued at approximately $375,000.

Several other hedge funds also recently modified their holdings of SA. Creative Financial Designs Inc. ADV increased its holdings in Seabridge Gold by 100.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,500 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Seabridge Gold during the second quarter valued at about $404,000. Bessemer Group Inc. bought a new stake in shares of Seabridge Gold during the second quarter worth about $290,000. Strait & Sound Wealth Management LLC grew its holdings in shares of Seabridge Gold by 2.3% during the second quarter. Strait & Sound Wealth Management LLC now owns 131,753 shares of the basic materials company’s stock worth $1,913,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of Seabridge Gold by 51.8% in the second quarter. Bleakley Financial Group LLC now owns 86,488 shares of the basic materials company’s stock valued at $1,256,000 after buying an additional 29,508 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Seabridge Gold in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Seabridge Gold to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Seabridge Gold Price Performance

Seabridge Gold stock opened at $25.01 on Thursday. The stock’s 50 day moving average is $22.72 and its 200 day moving average is $17.49. Seabridge Gold, Inc. has a one year low of $9.40 and a one year high of $29.31. The firm has a market cap of $2.60 billion, a P/E ratio of -65.82 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 4.24.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its earnings results on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.20).

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.