Rockefeller Capital Management L.P. Buys 52,973 Shares of Seabridge Gold, Inc. $SA

Rockefeller Capital Management L.P. grew its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 7,567.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,673 shares of the basic materials company’s stock after buying an additional 52,973 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Seabridge Gold were worth $1,588,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in shares of Seabridge Gold by 210.3% during the third quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock worth $197,514,000 after acquiring an additional 5,543,170 shares during the period. Vanguard Group Inc. increased its holdings in Seabridge Gold by 1,867.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,296,919 shares of the basic materials company’s stock worth $31,284,000 after purchasing an additional 1,231,002 shares in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at about $25,891,000. Tidal Investments LLC raised its stake in shares of Seabridge Gold by 12.4% in the 3rd quarter. Tidal Investments LLC now owns 3,071,781 shares of the basic materials company’s stock valued at $74,184,000 after purchasing an additional 339,913 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Seabridge Gold by 109.1% in the fourth quarter. TD Asset Management Inc now owns 539,446 shares of the basic materials company’s stock valued at $16,013,000 after purchasing an additional 281,512 shares in the last quarter. Institutional investors own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SA shares. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research cut Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $65.00.

Seabridge Gold Trading Up 1.7%

Seabridge Gold stock opened at $25.79 on Wednesday. The firm has a 50-day moving average of $29.83 and a 200-day moving average of $30.91. Seabridge Gold, Inc. has a one year low of $23.91 and a one year high of $33.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71. The company has a market cap of $2.78 billion, a price-to-earnings ratio of -53.28 and a beta of 0.89.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). On average, equities analysts expect that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal year.

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.