GPS Wealth Strategies Group LLC Sells 29,970 Shares of Seabridge Gold, Inc. $SA

GPS Wealth Strategies Group LLC cut its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 73.5% in the second quarter, HoldingsChannel.com reports. The fund owned 10,780 shares of the basic materials company’s stock after selling 29,970 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Seabridge Gold were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its holdings in Seabridge Gold by 25.1% in the first quarter. Alps Advisors Inc. now owns 474,191 shares of the basic materials company’s stock worth $5,534,000 after purchasing an additional 95,221 shares during the last quarter. CWM LLC raised its stake in Seabridge Gold by 13.4% during the 1st quarter. CWM LLC now owns 15,026 shares of the basic materials company’s stock valued at $175,000 after buying an additional 1,775 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of Seabridge Gold by 204.2% during the 1st quarter. Bleakley Financial Group LLC now owns 56,980 shares of the basic materials company’s stock valued at $665,000 after buying an additional 38,248 shares during the period. TD Asset Management Inc lifted its holdings in shares of Seabridge Gold by 4.0% during the 1st quarter. TD Asset Management Inc now owns 222,435 shares of the basic materials company’s stock valued at $2,589,000 after buying an additional 8,616 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Seabridge Gold by 13.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,951 shares of the basic materials company’s stock worth $290,000 after acquiring an additional 3,044 shares during the period. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

NYSE:SA opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. The stock has a 50-day simple moving average of $22.20 and a two-hundred day simple moving average of $17.13. The firm has a market capitalization of $2.32 billion, a PE ratio of -58.79 and a beta of 0.77. Seabridge Gold, Inc. has a 52-week low of $9.40 and a 52-week high of $29.31.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on SA. Wall Street Zen upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Seabridge Gold in a report on Friday, October 31st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

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.