UBS Group AG Sells 34,084 Shares of Seabridge Gold, Inc. $SA

UBS Group AG lessened its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,085 shares of the basic materials company’s stock after selling 34,084 shares during the quarter. UBS Group AG owned approximately 0.20% of Seabridge Gold worth $6,276,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp boosted its holdings in shares of Seabridge Gold by 210.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock valued at $197,514,000 after buying an additional 5,543,170 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Seabridge Gold by 1,867.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,296,919 shares of the basic materials company’s stock valued at $31,284,000 after buying an additional 1,231,002 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of Seabridge Gold by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 3,071,781 shares of the basic materials company’s stock valued at $74,184,000 after buying an additional 339,913 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of Seabridge Gold by 16.5% during the 3rd quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company’s stock valued at $51,396,000 after buying an additional 302,476 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Seabridge Gold by 65.8% during the 3rd quarter. Bank of America Corp DE now owns 513,534 shares of the basic materials company’s stock valued at $12,402,000 after buying an additional 203,885 shares in the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $27.53 on Wednesday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of -56.88 and a beta of 0.83. The firm’s 50-day moving average is $29.98 and its 200 day moving average is $30.08. Seabridge Gold, Inc. has a 1 year low of $11.60 and a 1 year high of $40.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). Sell-side analysts anticipate that Seabridge Gold, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SA has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Seabridge Gold presently has an average rating of “Reduce” and a consensus target price of $65.00.

Seabridge Gold 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.