Uniting Wealth Partners LLC Takes Position in Seabridge Gold, Inc. $SA

Uniting Wealth Partners LLC acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,500 shares of the basic materials company’s stock, valued at approximately $399,000.

A number of other hedge funds have also modified their holdings of the company. Baird Financial Group Inc. acquired a new stake in Seabridge Gold in the 1st quarter valued at approximately $122,000. Royal Bank of Canada boosted its position in Seabridge Gold by 125.3% during the 1st quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company’s stock worth $541,000 after acquiring an additional 25,769 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Seabridge Gold by 9.8% during the 2nd quarter. Geode Capital Management LLC now owns 44,686 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 3,982 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Seabridge Gold by 11.4% during the 2nd quarter. Marshall Wace LLP now owns 541,886 shares of the basic materials company’s stock worth $7,868,000 after acquiring an additional 55,262 shares in the last quarter. Finally, Nebula Research & Development LLC grew its stake in shares of Seabridge Gold by 36.4% during the 2nd quarter. Nebula Research & Development LLC now owns 27,657 shares of the basic materials company’s stock worth $402,000 after acquiring an additional 7,374 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on SA. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday. B. Riley Financial started coverage on shares of Seabridge Gold in a research report on Monday, August 3rd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Weiss Ratings upgraded shares of Seabridge Gold from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $40.00.

Seabridge Gold Stock Performance

SA opened at $33.44 on Monday. Seabridge Gold, Inc. has a 52-week low of $23.69 and a 52-week high of $34.19. The firm has a market capitalization of $3.60 billion, a PE ratio of -69.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. The business’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $30.04.

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.