Susquehanna Advisors Group Inc. Acquires New Holdings in Seabridge Gold, Inc. $SA

Susquehanna Advisors Group Inc. acquired a new stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,333 shares of the basic materials company’s stock, valued at approximately $626,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Gravity Asset Management Inc. acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at about $30,000. Smartleaf Asset Management LLC purchased a new position in Seabridge Gold during the fourth quarter valued at approximately $30,000. Federation des caisses Desjardins du Quebec boosted its position in shares of Seabridge Gold by 77.5% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 465 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Seabridge Gold in the 4th quarter worth about $39,000. Finally, Allworth Financial LP purchased a new position in Seabridge Gold in the 2nd quarter worth $39,000. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Stock Performance

Shares of NYSE:SA opened at $32.46 on Monday. The company has a market capitalization of $3.50 billion and a price-to-earnings ratio of -67.07. The firm has a 50 day moving average of $28.31 and a 200 day moving average of $30.19. Seabridge Gold, Inc. has a 52 week low of $23.69 and a 52 week high of $35.12. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

SA has been the subject of several research reports. Weiss Ratings upgraded shares of Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 18th. Wall Street Zen upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, B. Riley Financial initiated coverage on shares of Seabridge Gold in a research report on Monday, August 3rd. They set a “buy” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Seabridge Gold has an average rating of “Reduce” and a consensus price target of $40.00.

Seabridge Gold Company 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.