Bleakley Financial Group LLC Purchases 36,073 Shares of Seabridge Gold, Inc. $SA

Bleakley Financial Group LLC raised its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 41.7% during the third quarter, HoldingsChannel.com reports. The firm owned 122,561 shares of the basic materials company’s stock after acquiring an additional 36,073 shares during the quarter. Bleakley Financial Group LLC’s holdings in Seabridge Gold were worth $2,960,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Total Investment Management Inc. acquired a new position in Seabridge Gold in the second quarter valued at approximately $28,000. Blue Trust Inc. raised its position in shares of Seabridge Gold by 974.0% during the 3rd quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 1,500 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Seabridge Gold by 100.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 1,500 shares during the period. TD Waterhouse Canada Inc. bought a new position in shares of Seabridge Gold in the 3rd quarter worth $100,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Seabridge Gold during the third quarter worth $121,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Stock Up 2.6%

NYSE:SA opened at $36.40 on Tuesday. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $37.99. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -95.78 and a beta of 0.81. The stock has a 50-day moving average price of $31.71 and a two-hundred day moving average price of $25.80.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen lowered Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. B. Riley Financial upped their price target on Seabridge Gold from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.00.

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.