Rockefeller Capital Management L.P. Has $1.59 Million Stake in Seabridge Gold, Inc. $SA

Rockefeller Capital Management L.P. boosted its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 7,567.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,673 shares of the basic materials company’s stock after acquiring an additional 52,973 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Seabridge Gold were worth $1,588,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in 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 purchasing an additional 5,543,170 shares during the last quarter. Quantbot Technologies LP grew its holdings in Seabridge Gold by 196.0% during the third quarter. Quantbot Technologies LP now owns 54,171 shares of the basic materials company’s stock worth $1,308,000 after purchasing an additional 35,873 shares during the period. Elevatus Welath Management acquired a new position in Seabridge Gold during the third quarter worth approximately $3,676,000. PKO Investment Management Joint Stock Co acquired a new position in Seabridge Gold during the fourth quarter worth approximately $1,336,000. Finally, Vanguard Group Inc. raised its stake in Seabridge Gold by 82.9% in the fourth 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. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research report on Wednesday, June 24th. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $65.00.

Seabridge Gold Stock Up 1.7%

Shares of SA opened at $25.79 on Wednesday. The firm has a market cap of $2.78 billion, a P/E ratio of -53.28 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. Seabridge Gold, Inc. has a 52 week low of $23.91 and a 52 week high of $33.04. The firm’s 50-day simple moving average is $29.83 and its 200 day simple moving average is $30.91.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). On average, analysts forecast that Seabridge Gold, Inc. will post -0.17 earnings per share for the current year.

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.