Seabridge Gold Inc. (NYSE:SA) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 67.7% during the 3rd quarter, Holdings Channel reports. The firm owned 2,415 shares of the basic materials company’s stock after selling 5,060 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Seabridge Gold were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SA. CIBC Asset Management Inc raised its stake in Seabridge Gold by 1.1% in the 3rd quarter. CIBC Asset Management Inc now owns 91,601 shares of the basic materials company’s stock valued at $1,541,000 after purchasing an additional 959 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Seabridge Gold by 8.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 250,362 shares of the basic materials company’s stock valued at $4,204,000 after buying an additional 20,435 shares during the last quarter. Privium Fund Management B.V. raised its position in shares of Seabridge Gold by 15.3% in the third quarter. Privium Fund Management B.V. now owns 32,087 shares of the basic materials company’s stock valued at $539,000 after buying an additional 4,253 shares during the last quarter. Oxbow Advisors LLC lifted its stake in shares of Seabridge Gold by 31.7% in the third quarter. Oxbow Advisors LLC now owns 13,518 shares of the basic materials company’s stock worth $227,000 after buying an additional 3,252 shares in the last quarter. Finally, Confluence Investment Management LLC boosted its position in Seabridge Gold by 5.5% during the third quarter. Confluence Investment Management LLC now owns 40,799 shares of the basic materials company’s stock worth $685,000 after acquiring an additional 2,137 shares during the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $15.09 on Friday. The business’s 50 day moving average price is $17.02 and its 200 day moving average price is $16.06. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -60.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. Seabridge Gold Inc. has a one year low of $9.31 and a one year high of $20.55.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

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.