Seabridge Gold, Inc. $SA Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 12.5% in the fourth quarter, Holdings Channel reports. The firm owned 7,153,563 shares of the basic materials company’s stock after selling 1,025,099 shares during the quarter. Van ECK Associates Corp owned 0.07% of Seabridge Gold worth $211,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec lifted its stake in shares of Seabridge Gold by 77.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 465 shares during the period. Signaturefd LLC lifted its stake in shares of Seabridge Gold by 20.2% in the 4th quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 502 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Seabridge Gold by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 522 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Seabridge Gold by 2.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 48,810 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 1,000 shares during the period. Finally, Uniting Wealth Partners LLC lifted its stake in shares of Seabridge Gold by 8.7% in the 4th quarter. Uniting Wealth Partners LLC now owns 12,530 shares of the basic materials company’s stock worth $371,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Stock Up 4.2%

Shares of NYSE SA opened at $28.13 on Friday. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold, Inc. has a 52 week low of $24.73 and a 52 week high of $30.82. The firm has a 50-day moving average price of $30.64 and a 200 day moving average price of $30.92. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of -58.11 and a beta of 0.89.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). Equities research analysts anticipate that Seabridge Gold, Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SA has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. Zacks Research cut shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $65.00.

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