Alps Advisors Inc. Grows Stock Position in Seabridge Gold, Inc. $SA

Alps Advisors Inc. boosted its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 6.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 545,906 shares of the basic materials company’s stock after buying an additional 32,385 shares during the quarter. Alps Advisors Inc. owned 0.53% of Seabridge Gold worth $13,184,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Seabridge Gold in the second quarter worth $26,000. Total Investment Management Inc. purchased a new position in Seabridge Gold in the 2nd quarter worth about $28,000. Blue Trust Inc. lifted its holdings in Seabridge Gold by 974.0% during the 3rd quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company’s stock valued at $40,000 after buying an additional 1,500 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in Seabridge Gold by 100.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,500 shares during the period. Finally, TD Waterhouse Canada Inc. bought a new position in Seabridge Gold in the 3rd quarter worth about $100,000. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

NYSE SA opened at $30.07 on Monday. The firm’s fifty day simple moving average is $30.73 and its two-hundred day simple moving average is $24.41. The firm has a market capitalization of $3.20 billion, a P/E ratio of -79.13 and a beta of 0.81. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.55. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $37.99.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.20).

Analysts Set New Price Targets

A number of research analysts have commented on SA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research report on Monday, December 29th. Zacks Research upgraded shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Wall Street Zen downgraded shares of Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, B. Riley Financial upped their target price on Seabridge Gold from $50.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Seabridge Gold has an average rating of “Hold” and a consensus price target of $65.00.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.