Nuveen LLC Makes New $774,000 Investment in Seabridge Gold, Inc. $SA

Nuveen LLC acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 66,478 shares of the basic materials company’s stock, valued at approximately $774,000. Nuveen LLC owned approximately 0.07% of Seabridge Gold as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. increased its holdings in Seabridge Gold by 20.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,020 shares of the basic materials company’s stock worth $595,000 after purchasing an additional 8,732 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Seabridge Gold by 121.8% in the 4th quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company’s stock worth $3,638,000 after buying an additional 175,078 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Seabridge Gold by 5.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,850 shares of the basic materials company’s stock worth $318,000 after buying an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Seabridge Gold by 13.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,951 shares of the basic materials company’s stock worth $290,000 after buying an additional 3,044 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Seabridge Gold by 36.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,344,887 shares of the basic materials company’s stock worth $15,657,000 after buying an additional 360,183 shares during the last quarter. 34.85% of the stock is owned by institutional investors.

Seabridge Gold Trading Up 0.9%

Shares of SA stock opened at $17.60 on Wednesday. The company’s fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $13.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 4.24. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $20.55. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -46.33 and a beta of 0.68.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th.

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.