Penbrook Management LLC Has $1.40 Million Position in Seabridge Gold, Inc. $SA

Penbrook Management LLC reduced its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,545 shares of the basic materials company’s stock after selling 2,650 shares during the period. Seabridge Gold makes up about 1.0% of Penbrook Management LLC’s investment portfolio, making the stock its 22nd biggest position. Penbrook Management LLC owned approximately 0.09% of Seabridge Gold worth $1,402,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Kopernik Global Investors LLC lifted its holdings in Seabridge Gold by 141.0% in the first quarter. Kopernik Global Investors LLC now owns 7,342,955 shares of the basic materials company’s stock valued at $85,692,000 after buying an additional 4,295,907 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold by 36.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 1,344,887 shares of the basic materials company’s stock valued at $15,657,000 after purchasing an additional 360,183 shares in the last quarter. Raymond James Financial Inc. increased its stake in Seabridge Gold by 7.9% in the first quarter. Raymond James Financial Inc. now owns 1,199,101 shares of the basic materials company’s stock valued at $13,994,000 after purchasing an additional 88,115 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Seabridge Gold by 66.3% in the first quarter. Russell Investments Group Ltd. now owns 1,192,840 shares of the basic materials company’s stock valued at $13,903,000 after purchasing an additional 475,352 shares in the last quarter. Finally, Amundi increased its stake in Seabridge Gold by 30.3% in the first quarter. Amundi now owns 845,655 shares of the basic materials company’s stock valued at $9,370,000 after purchasing an additional 196,687 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Seabridge Gold in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Seabridge Gold has an average rating of “Reduce”.

Seabridge Gold Stock Up 7.4%

Seabridge Gold stock opened at $26.37 on Tuesday. The company has a market cap of $2.71 billion, a P/E ratio of -69.40 and a beta of 0.76. Seabridge Gold, Inc. has a 1-year low of $9.40 and a 1-year high of $26.74. The company has a fifty day simple moving average of $19.43 and a 200 day simple moving average of $15.55. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57.

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

About Seabridge Gold

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.