Sanctuary Advisors LLC Makes New Investment in Seabridge Gold, Inc. $SA

Sanctuary Advisors LLC acquired a new stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,935 shares of the basic materials company’s stock, valued at approximately $560,000.

Several other large investors also recently modified their holdings of the stock. 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 worth $197,514,000 after buying an additional 5,543,170 shares during the period. Tidal Investments LLC raised its holdings in 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 acquiring an additional 339,913 shares during the period. Vanguard Group Inc. lifted its position in Seabridge Gold by 82.9% during the fourth quarter. Vanguard Group Inc. now owns 2,371,496 shares of the basic materials company’s stock worth $70,305,000 after acquiring an additional 1,074,577 shares during the last quarter. Cibc World Market Inc. lifted its position in Seabridge Gold by 16.5% during the third quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company’s stock worth $51,396,000 after acquiring an additional 302,476 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Seabridge Gold by 5.2% during the third quarter. Amundi now owns 740,149 shares of the basic materials company’s stock worth $18,296,000 after acquiring an additional 36,868 shares during the period. 34.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SA has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, Wall Street Zen upgraded Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $65.00.

Seabridge Gold Price Performance

Seabridge Gold stock opened at $31.24 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 5.24 and a current ratio of 5.24. Seabridge Gold, Inc. has a 52 week low of $11.12 and a 52 week high of $40.06. The stock has a market capitalization of $3.36 billion, a P/E ratio of -86.78 and a beta of 0.83. The stock has a fifty day moving average of $30.86 and a 200-day moving average of $29.67.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings data on Thursday, March 26th. The basic materials company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.27). On average, sell-side analysts expect that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal 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.