Seabridge Gold Inc. (NYSE:SA) Stake Reduced by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 4.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 888,995 shares of the basic materials company’s stock after selling 43,873 shares during the period. Russell Investments Group Ltd.’s holdings in Seabridge Gold were worth $10,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SA. Ontario Teachers Pension Plan Board grew its stake in Seabridge Gold by 97.9% during the 3rd 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 during the last quarter. Raymond James & Associates grew its stake 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 purchasing an additional 143,321 shares in the last quarter. Sprott Inc. grew its stake 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 purchasing an additional 128,323 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Seabridge Gold by 163.0% in the third quarter. Assenagon Asset Management S.A. now owns 145,812 shares of the basic materials company’s stock worth $1,538,000 after purchasing an additional 90,379 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Seabridge Gold in the fourth quarter worth $311,000. 34.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Seabridge Gold Trading Down 1.1 %

NYSE:SA opened at $14.87 on Monday. 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. The business has a fifty day moving average of $14.31 and a 200-day moving average of $12.38.

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