Clear Street Group Inc. Makes New Investment in Seabridge Gold, Inc. $SA

Clear Street Group Inc. bought a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 875,000 shares of the basic materials company’s stock, valued at approximately $25,891,000.

A number of other institutional investors have also recently bought and sold shares of SA. Van ECK Associates Corp grew its holdings in shares of Seabridge Gold by 210.3% in 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 during the period. Kopernik Global Investors LLC grew its holdings in shares of Seabridge Gold by 0.5% in the 4th quarter. Kopernik Global Investors LLC now owns 6,979,611 shares of the basic materials company’s stock valued at $206,527,000 after buying an additional 32,945 shares during the period. Tidal Investments LLC grew its holdings in shares of Seabridge Gold by 12.4% in 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 during the period. Vanguard Group Inc. grew its holdings in shares of Seabridge Gold by 82.9% in the 4th quarter. Vanguard Group Inc. now owns 2,371,496 shares of the basic materials company’s stock valued at $70,305,000 after buying an additional 1,074,577 shares during the period. Finally, Cibc World Market Inc. grew its holdings in shares of Seabridge Gold by 2.4% in the 4th quarter. Cibc World Market Inc. now owns 2,182,535 shares of the basic materials company’s stock valued at $64,712,000 after buying an additional 51,350 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Trading Up 4.2%

SA opened at $28.13 on Friday. The stock has a market capitalization of $3.03 billion, a P/E ratio of -58.11 and a beta of 0.89. Seabridge Gold, Inc. has a 12 month low of $24.73 and a 12 month high of $30.82. The firm’s fifty day simple moving average is $30.64 and its 200 day simple moving average is $30.92. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). As a group, research 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 research analyst reports. Zacks Research lowered shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Seabridge Gold has a consensus rating of “Reduce” and a consensus price target of $65.00.

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.