Seabridge Gold, Inc. $SA Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,617 shares of the basic materials company’s stock after selling 16,750 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Seabridge Gold were worth $9,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SA. Van ECK Associates Corp lifted its stake in Seabridge Gold by 210.3% during the third quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock valued at $197,514,000 after purchasing an additional 5,543,170 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Seabridge Gold by 1,867.5% during the third quarter. Vanguard Group Inc. now owns 1,296,919 shares of the basic materials company’s stock valued at $31,284,000 after acquiring an additional 1,231,002 shares during the period. Tidal Investments LLC raised its holdings in shares of Seabridge Gold by 12.4% during the third quarter. Tidal Investments LLC now owns 3,071,781 shares of the basic materials company’s stock valued at $74,184,000 after acquiring an additional 339,913 shares during the period. Cibc World Market Inc. raised its holdings in shares of Seabridge Gold by 16.5% during the third quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company’s stock valued at $51,396,000 after acquiring an additional 302,476 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Seabridge Gold by 65.8% during the third quarter. Bank of America Corp DE now owns 513,534 shares of the basic materials company’s stock valued at $12,402,000 after acquiring an additional 203,885 shares during the period. 34.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SA has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $65.00.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $31.10 on Thursday. The stock has a market cap of $3.35 billion, a PE ratio of -86.38 and a beta of 0.92. The business has a fifty day simple moving average of $31.79 and a 200-day simple moving average of $29.17. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 0.53. Seabridge Gold, Inc. has a 12 month low of $11.12 and a 12 month high of $40.06.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its earnings results on Thursday, March 26th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.27).

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.