Seabridge Gold, Inc. $SA Shares Purchased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC raised its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 209.1% in the third quarter, Holdings Channel.com reports. The fund owned 33,318 shares of the basic materials company’s stock after acquiring an additional 22,538 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Seabridge Gold were worth $805,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SA. Kopernik Global Investors LLC raised its holdings in shares of Seabridge Gold by 0.5% in the 2nd quarter. Kopernik Global Investors LLC now owns 7,382,606 shares of the basic materials company’s stock worth $107,195,000 after purchasing an additional 39,651 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in Seabridge Gold by 10.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 1,490,415 shares of the basic materials company’s stock worth $21,652,000 after buying an additional 145,528 shares during the last quarter. Marshall Wace LLP grew its position in Seabridge Gold by 11.4% in the second quarter. Marshall Wace LLP now owns 541,886 shares of the basic materials company’s stock worth $7,868,000 after buying an additional 55,262 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Seabridge Gold by 10.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 327,367 shares of the basic materials company’s stock valued at $7,906,000 after buying an additional 30,440 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Seabridge Gold by 6.6% during the 2nd quarter. Bank of America Corp DE now owns 309,649 shares of the basic materials company’s stock valued at $4,496,000 after acquiring an additional 19,179 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SA. Wall Street Zen cut Seabridge Gold from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. B. Riley lifted their price target on Seabridge Gold from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded Seabridge Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.00.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $34.68 on Thursday. Seabridge Gold, Inc. has a 12 month low of $9.40 and a 12 month high of $37.99. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.70 billion, a PE ratio of -91.27 and a beta of 0.82. The business has a fifty day simple moving average of $30.18 and a 200-day simple moving average of $23.70.

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

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.