BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 5,236 Shares of Seabridge Gold Inc. (NYSE:SA)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 11.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,357 shares of the basic materials company’s stock after selling 5,236 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Seabridge Gold were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in Seabridge Gold in the 1st quarter valued at about $30,000. Mather Group LLC. bought a new stake in shares of Seabridge Gold in the second quarter valued at approximately $40,000. Creekmur Asset Management LLC purchased a new stake in shares of Seabridge Gold during the 4th quarter valued at approximately $50,000. Perkins Coie Trust Co bought a new position in Seabridge Gold in the 2nd quarter worth approximately $93,000. Finally, Banque Cantonale Vaudoise grew its stake in Seabridge Gold by 33.4% in the 2nd quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after buying an additional 1,871 shares in the last quarter. 34.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday, August 19th.

Seabridge Gold Stock Down 3.0 %

Shares of NYSE SA opened at $17.22 on Monday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.54 billion, a P/E ratio of -47.83 and a beta of 1.13. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week high of $18.99. The business has a 50-day simple moving average of $16.79 and a two-hundred day simple moving average of $15.51.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.03 by $0.34. Research analysts anticipate that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal 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.