Bleakley Financial Group LLC Purchases 36,073 Shares of Seabridge Gold, Inc. $SA

Bleakley Financial Group LLC raised its position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 41.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,561 shares of the basic materials company’s stock after acquiring an additional 36,073 shares during the period. Bleakley Financial Group LLC owned about 0.12% of Seabridge Gold worth $2,960,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. bought a new stake in shares of Seabridge Gold during the first quarter valued at approximately $122,000. Royal Bank of Canada boosted its stake in Seabridge Gold by 125.3% during the first quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company’s stock worth $541,000 after buying an additional 25,769 shares in the last quarter. Bessemer Group Inc. bought a new stake in Seabridge Gold in the 2nd quarter valued at $290,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Seabridge Gold in the 2nd quarter valued at $404,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Seabridge Gold by 100.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,000 shares of the basic materials company’s stock worth $44,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 34.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note 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 Seabridge Gold from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, B. Riley Financial increased 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $65.00.

Seabridge Gold Trading Up 2.6%

SA opened at $36.40 on Tuesday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $3.90 billion, a PE ratio of -95.78 and a beta of 0.81. Seabridge Gold, Inc. has a 1-year low of $9.40 and a 1-year high of $37.99. The firm has a 50-day moving average price of $31.71 and a two-hundred day moving average price of $25.80.

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.