Seabridge Gold, Inc. $SA Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 19.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,648 shares of the basic materials company’s stock after purchasing an additional 30,441 shares during the period. Bleakley Financial Group LLC owned approximately 0.18% of Seabridge Gold worth $5,375,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new stake in Seabridge Gold in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC acquired a new position in Seabridge Gold during the 4th quarter worth $30,000. Federation des caisses Desjardins du Quebec grew its stake in shares of Seabridge Gold by 77.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 465 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Seabridge Gold in the fourth quarter worth $39,000. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Seabridge Gold by 274.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,706 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analysts Forecast Growth

SA has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $65.00.

Seabridge Gold Price Performance

Shares of Seabridge Gold stock opened at $25.85 on Wednesday. Seabridge Gold, Inc. has a 52 week low of $23.91 and a 52 week high of $33.04. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.78 billion, a PE ratio of -53.40 and a beta of 0.89. The company’s 50-day moving average price is $29.17 and its two-hundred day moving average price is $30.66.

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 (EPS) for the quarter, hitting the consensus estimate of ($0.04). As a group, sell-side analysts anticipate 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.