Seabridge Gold, Inc. $SA Stock Holdings Increased by Kopernik Global Investors LLC

Kopernik Global Investors LLC boosted its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,332,863 shares of the basic materials company’s stock after buying an additional 353,252 shares during the quarter. Seabridge Gold accounts for approximately 14.5% of Kopernik Global Investors LLC’s portfolio, making the stock its largest holding. Kopernik Global Investors LLC owned 0.07% of Seabridge Gold worth $207,813,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SA. Vanguard Group Inc. lifted its position 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 acquiring an additional 1,231,002 shares during the period. Clear Street Group Inc. acquired a new stake in shares of Seabridge Gold in the 4th quarter worth approximately $25,891,000. 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 worth $74,184,000 after acquiring an additional 339,913 shares during the period. TD Asset Management Inc increased its stake in Seabridge Gold by 109.1% in the 4th quarter. TD Asset Management Inc now owns 539,446 shares of the basic materials company’s stock valued at $16,013,000 after purchasing an additional 281,512 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Seabridge Gold by 65.8% in 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 purchasing an additional 203,885 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Up 3.7%

SA stock opened at $27.32 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71. The company’s 50 day simple moving average is $28.41 and its 200-day simple moving average is $30.47. Seabridge Gold, Inc. has a 12 month low of $23.69 and a 12 month high of $33.04. The firm has a market capitalization of $2.94 billion, a PE ratio of -56.44 and a beta of 0.89.

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). Equities analysts expect that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SA. Zacks Research downgraded Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Seabridge Gold from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Seabridge Gold presently has a consensus 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.