Bleakley Financial Group LLC Has $4.71 Million Stock Holdings in Seabridge Gold, Inc. $SA

Bleakley Financial Group LLC raised its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,207 shares of the basic materials company’s stock after acquiring an additional 36,646 shares during the period. Bleakley Financial Group LLC’s holdings in Seabridge Gold were worth $4,711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caitlin John LLC acquired a new position in Seabridge Gold in the 3rd quarter valued at $31,000. Banque Cantonale Vaudoise acquired a new position in Seabridge Gold in the 4th quarter valued at $39,000. MassMutual Private Wealth & Trust FSB acquired a new position in Seabridge Gold in the 4th quarter valued at $58,000. Northwestern Mutual Wealth Management Co. acquired a new position in Seabridge Gold in the 3rd quarter valued at $72,000. Finally, Farther Finance Advisors LLC raised its holdings in Seabridge Gold by 1,703.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 2,607 shares in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on SA. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. Finally, Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $65.00.

Seabridge Gold Trading Up 5.1%

Shares of SA stock opened at $31.46 on Wednesday. The firm has a market capitalization of $3.39 billion, a P/E ratio of -65.00 and a beta of 0.83. Seabridge Gold, Inc. has a twelve month low of $11.93 and a twelve month high of $40.06. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $29.68 and its 200 day simple moving average is $30.33.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). As a group, sell-side analysts predict that Seabridge Gold, Inc. will post -0.17 EPS 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.