Seabridge Gold Inc. (NYSE:SA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,724 shares of the basic materials company’s stock after selling 38,731 shares during the quarter. Dimensional Fund Advisors LP owned about 0.45% of Seabridge Gold worth $5,418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Confluence Investment Management LLC increased its position in Seabridge Gold by 3.4% during the second quarter. Confluence Investment Management LLC now owns 38,662 shares of the basic materials company’s stock worth $529,000 after purchasing an additional 1,285 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Seabridge Gold by 3.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company’s stock worth $741,000 after buying an additional 1,610 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Seabridge Gold by 5.9% during the 1st quarter. SG Americas Securities LLC now owns 29,060 shares of the basic materials company’s stock valued at $439,000 after buying an additional 1,629 shares during the period. Banque Cantonale Vaudoise lifted its holdings in Seabridge Gold by 33.4% in the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 1,871 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its holdings in Seabridge Gold by 1.2% in the second quarter. Simplicity Wealth LLC now owns 164,086 shares of the basic materials company’s stock valued at $2,246,000 after acquiring an additional 1,883 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Stock Up 0.1 %

Shares of NYSE:SA opened at $16.68 on Wednesday. The business has a 50-day moving average price of $16.98 and a 200 day moving average price of $15.69. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $18.99. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -46.33 and a beta of 1.14.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.34. Sell-side analysts expect that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

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.