Bessemer Group Inc. Buys Shares of 20,000 Seabridge Gold, Inc. $SA

Bessemer Group Inc. acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the basic materials company’s stock, valued at approximately $290,000.

A number of other hedge funds have also modified their holdings of SA. Banque Cantonale Vaudoise purchased a new position in shares of Seabridge Gold during the 1st quarter worth approximately $26,000. Ameritas Advisory Services LLC purchased a new position in shares of Seabridge Gold during the 2nd quarter worth approximately $26,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Seabridge Gold during the 1st quarter worth approximately $39,000. Wealth Preservation Advisors LLC purchased a new position in shares of Seabridge Gold during the 1st quarter worth approximately $121,000. Finally, Baird Financial Group Inc. purchased a new position in shares of Seabridge Gold during the 1st quarter worth approximately $122,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SA has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Seabridge Gold in a research note on Friday. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Seabridge Gold Stock Down 1.7%

SA stock opened at $23.43 on Tuesday. The stock has a market capitalization of $2.43 billion, a P/E ratio of -61.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. Seabridge Gold, Inc. has a one year low of $9.40 and a one year high of $29.31. The company has a 50 day moving average price of $21.87 and a two-hundred day moving average price of $16.99.

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

Seabridge Gold 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.