Van Den Berg Management I Inc. decreased its position in shares of Seabridge Gold, Inc. (NYSE:SA – Free Report) (TSE:SEA) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 707,390 shares of the basic materials company’s stock after selling 35,593 shares during the period. Seabridge Gold makes up 4.8% of Van Den Berg Management I Inc.’s holdings, making the stock its 3rd biggest position. Van Den Berg Management I Inc. owned 0.66% of Seabridge Gold worth $20,932,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec increased its position in Seabridge Gold by 77.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after buying an additional 465 shares during the period. Signaturefd LLC increased its position in Seabridge Gold by 20.2% during the 4th quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after buying an additional 502 shares during the period. Pictet Asset Management Holding SA increased its position in Seabridge Gold by 3.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after buying an additional 522 shares during the period. Uniting Wealth Partners LLC increased its position in Seabridge Gold by 8.7% during the 4th quarter. Uniting Wealth Partners LLC now owns 12,530 shares of the basic materials company’s stock worth $371,000 after buying an additional 1,000 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in Seabridge Gold during the 4th quarter worth $30,000. Institutional investors own 34.85% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on SA shares. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. Finally, Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $65.00.
Seabridge Gold Stock Performance
SA opened at $31.24 on Wednesday. The firm has a market cap of $3.36 billion, a P/E ratio of -64.54 and a beta of 0.89. Seabridge Gold, Inc. has a 52-week low of $24.73 and a 52-week high of $32.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. The business’s fifty day moving average is $30.67 and its 200-day moving average is $31.02.
Seabridge Gold (NYSE:SA – Get Free Report) (TSE:SEA) last released its earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Sell-side analysts expect that Seabridge Gold, Inc. will post -0.17 EPS for the current fiscal year.
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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.
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