Seabridge Gold Inc. (NYSE:SA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in shares of Seabridge Gold Inc. (NYSE:SAGet Rating) (TSE:SEA) by 9.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,418 shares of the basic materials company’s stock after selling 10,624 shares during the period. Mackenzie Financial Corp owned about 0.13% of Seabridge Gold worth $1,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in Seabridge Gold by 100.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,000 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Seabridge Gold by 64.0% in the first quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock valued at $75,000 after buying an additional 1,497 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Seabridge Gold by 14.4% in the first quarter. Royal Bank of Canada now owns 6,744 shares of the basic materials company’s stock worth $125,000 after buying an additional 849 shares in the last quarter. Quantbot Technologies LP acquired a new position in Seabridge Gold during the first quarter worth about $125,000. Finally, SG Americas Securities LLC grew its stake in Seabridge Gold by 15.1% during the 1st quarter. SG Americas Securities LLC now owns 8,225 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 28.65% of the company’s stock.

Seabridge Gold Trading Up 1.8 %

Shares of SA opened at $12.70 on Thursday. Seabridge Gold Inc. has a 12-month low of $10.03 and a 12-month high of $22.22. The firm has a market capitalization of $1.02 billion, a P/E ratio of 141.13 and a beta of 0.84. The firm has a 50-day moving average price of $11.70 and a 200 day moving average price of $12.78. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SA. B. Riley raised their target price on shares of Seabridge Gold from $57.00 to $60.00 in a research note on Monday. StockNews.com initiated coverage on Seabridge Gold in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.

Seabridge Gold Profile

(Get Rating)

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project located in the Nevada; and 3 Aces project located in the Yukon Territory.

Further Reading

Want to see what other hedge funds are holding SA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seabridge Gold Inc. (NYSE:SAGet Rating) (TSE:SEA).

Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

Receive News & Ratings for Seabridge Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold and related companies with MarketBeat.com's FREE daily email newsletter.