Seabridge Gold, Inc. $SA Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. lessened its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 51.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,756 shares of the basic materials company’s stock after selling 24,718 shares during the quarter. Privium Fund Management B.V.’s holdings in Seabridge Gold were worth $703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SA. Caitlin John LLC acquired a new stake in Seabridge Gold during the third quarter worth $31,000. MassMutual Private Wealth & Trust FSB acquired a new stake in Seabridge Gold during the fourth quarter worth $58,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Seabridge Gold during the third quarter worth $72,000. Farther Finance Advisors LLC increased its stake in Seabridge Gold by 1,703.9% during the fourth quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 2,607 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in Seabridge Gold during the fourth quarter worth $89,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

Analyst Ratings Changes

SA has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $65.00.

Seabridge Gold Trading Down 0.3%

SA opened at $28.08 on Wednesday. Seabridge Gold, Inc. has a 12 month low of $11.12 and a 12 month high of $40.06. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -78.00 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.24 and a quick ratio of 5.24. The business has a fifty day moving average price of $31.14 and a 200 day moving average price of $29.63.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its earnings results on Thursday, March 26th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.27). 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.