Seabridge Gold, Inc. $SA Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. grew its position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,182,535 shares of the basic materials company’s stock after purchasing an additional 51,350 shares during the period. Cibc World Market Inc. owned approximately 2.05% of Seabridge Gold worth $64,712,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Seabridge Gold by 20.2% in the fourth quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 502 shares during the period. Pictet Asset Management Holding SA grew its holdings in Seabridge Gold by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 522 shares during the period. Geneos Wealth Management Inc. grew its holdings in Seabridge Gold by 2.1% during the second quarter. Geneos Wealth Management Inc. now owns 48,810 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 1,000 shares during the period. Creative Planning grew its holdings in Seabridge Gold by 3.8% during the third quarter. Creative Planning now owns 28,462 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 1,043 shares during the period. Finally, CWM LLC grew its holdings in Seabridge Gold by 4.4% during the fourth quarter. CWM LLC now owns 27,826 shares of the basic materials company’s stock worth $823,000 after acquiring an additional 1,175 shares during the period. 34.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on SA shares. 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 lowered 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’s stock. According to data from MarketBeat, Seabridge Gold presently has a consensus rating of “Reduce” and an average target price of $65.00.

Seabridge Gold Stock Performance

Shares of SA stock opened at $34.34 on Thursday. The company has a market capitalization of $3.70 billion, a P/E ratio of -70.96 and a beta of 0.89. The business’s 50 day moving average is $30.41 and its two-hundred day moving average is $30.75. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold, Inc. has a 12-month low of $13.18 and a 12-month high of $40.06.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). Analysts expect that Seabridge Gold, Inc. will post -0.17 EPS for the current fiscal year.

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.