Hsbc Holdings PLC Sells 7,111 Shares of Seabridge Gold Inc. (NYSE:SA)

Hsbc Holdings PLC reduced its position in shares of Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) by 31.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,417 shares of the basic materials company’s stock after selling 7,111 shares during the quarter. Hsbc Holdings PLC’s holdings in Seabridge Gold were worth $187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SA. JPMorgan Chase & Co. raised its holdings in Seabridge Gold by 17.9% in the 1st quarter. JPMorgan Chase & Co. now owns 163,874 shares of the basic materials company’s stock worth $3,032,000 after purchasing an additional 24,880 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Seabridge Gold by 5.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 1,175 shares in the last quarter. Citigroup Inc. raised its holdings in Seabridge Gold by 56.9% in the 1st quarter. Citigroup Inc. now owns 15,194 shares of the basic materials company’s stock worth $281,000 after purchasing an additional 5,512 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Seabridge Gold by 64.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in Seabridge Gold by 75.9% during the 1st quarter. Cibc World Market Inc. now owns 47,146 shares of the basic materials company’s stock valued at $872,000 after acquiring an additional 20,338 shares during the period. 29.36% of the stock is currently owned by institutional investors.

Seabridge Gold Stock Performance

Shares of SA opened at $10.48 on Friday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average price is $12.46 and its 200-day moving average price is $12.14. Seabridge Gold Inc. has a 52 week low of $10.03 and a 52 week high of $22.22. The stock has a market cap of $854.85 million, a P/E ratio of 116.46 and a beta of 0.88.

Analysts Set New Price Targets

Separately, B. Riley raised their target price on shares of Seabridge Gold from $57.00 to $60.00 in a research note on Monday, November 21st.

About Seabridge Gold

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Seabridge Gold Inc engages in the acquisition and exploration of gold properties. It operates through the following projects: Kerr-Sulphurets-Mitchel (KSM), Courageous Lake, Iskut, Snowstorm, non-core assets, 3 Aces, and building trust. The company was founded by James S. Anthony and Rudi P. Fronk on September 14, 1979 and is headquartered in Toronto, Canada.