Seabridge Gold (SA) Downgraded by ValuEngine to “Sell”

Seabridge Gold (NYSE:SA) (TSE:SEA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Shares of Seabridge Gold (SA) opened at $10.40 on Tuesday. The firm has a market capitalization of $609.15, a price-to-earnings ratio of -115.56 and a beta of -0.20. Seabridge Gold has a twelve month low of $9.22 and a twelve month high of $13.70.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Paulson & CO. Inc. purchased a new position in Seabridge Gold during the second quarter worth about $7,560,000. Royal Bank of Canada lifted its position in Seabridge Gold by 36.4% during the second quarter. Royal Bank of Canada now owns 34,146 shares of the basic materials company’s stock worth $368,000 after buying an additional 9,121 shares during the period. Alps Advisors Inc. lifted its position in Seabridge Gold by 49.7% during the third quarter. Alps Advisors Inc. now owns 308,777 shares of the basic materials company’s stock worth $3,767,000 after buying an additional 102,553 shares during the period. Jane Street Group LLC lifted its position in Seabridge Gold by 46.3% during the third quarter. Jane Street Group LLC now owns 145,410 shares of the basic materials company’s stock worth $1,774,000 after buying an additional 45,986 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Seabridge Gold by 39.8% during the third quarter. Russell Investments Group Ltd. now owns 1,590,531 shares of the basic materials company’s stock worth $19,410,000 after buying an additional 453,028 shares during the period. 28.05% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This report was first reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/13/seabridge-gold-sa-downgraded-by-valuengine-to-sell.html.

Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply