Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Seabridge Gold Inc. (NYSE:SA)

Mirae Asset Global Investments Co. Ltd. reduced its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,321 shares of the basic materials company’s stock after selling 2,713 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Seabridge Gold were worth $635,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates lifted its position in shares of Seabridge Gold by 21.6% in the fourth quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock worth $9,777,000 after buying an additional 143,321 shares in the last quarter. Sprott Inc. lifted its position in shares of Seabridge Gold by 8.0% in the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock worth $18,457,000 after buying an additional 128,323 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of Seabridge Gold by 97.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 354,097 shares of the basic materials company’s stock worth $3,723,000 after buying an additional 175,161 shares in the last quarter. Swiss National Bank increased its stake in Seabridge Gold by 2.0% during the third quarter. Swiss National Bank now owns 155,400 shares of the basic materials company’s stock worth $1,648,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Seabridge Gold by 308.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,440 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 10,150 shares during the last quarter. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

Seabridge Gold Trading Up 2.7 %

Shares of NYSE SA opened at $15.57 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of -39.92 and a beta of 1.11. The business’s 50 day moving average is $13.76 and its two-hundred day moving average is $12.17. Seabridge Gold Inc. has a 1-year low of $9.31 and a 1-year high of $16.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.38 and a quick ratio of 2.38.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). As a group, research analysts expect that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.

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. 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 situated in the Nevada; and 3 Aces project located in the Yukon Territory.