Nations Financial Group Inc. IA ADV cut its stake in shares of Seabridge Gold, Inc. (NYSE:SA – Free Report) (TSE:SEA) by 14.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,814 shares of the basic materials company’s stock after selling 44,803 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Seabridge Gold were worth $7,533,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SA. Financial Gravity Asset Management Inc. purchased a new position in shares of Seabridge Gold in the 4th quarter worth $30,000. Smartleaf Asset Management LLC acquired a new position in Seabridge Gold in the fourth quarter valued at $30,000. Caitlin John LLC purchased a new stake in Seabridge Gold during the third quarter valued at about $31,000. Federation des caisses Desjardins du Quebec grew its position in Seabridge Gold by 77.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 465 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in Seabridge Gold during the fourth quarter worth about $39,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.
Seabridge Gold Price Performance
Seabridge Gold stock opened at $29.62 on Friday. The firm has a fifty day moving average of $30.60 and a 200-day moving average of $31.05. Seabridge Gold, Inc. has a 52-week low of $24.73 and a 52-week high of $33.04. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.19 billion, a P/E ratio of -61.20 and a beta of 0.89.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. Finally, Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Seabridge Gold currently has a consensus rating of “Reduce” and an average target price of $65.00.
View Our Latest Analysis on SA
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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