International Assets Investment Management LLC Purchases New Stake in Seabridge Gold Inc. (NYSE:SA)

International Assets Investment Management LLC acquired a new stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,511 shares of the basic materials company’s stock, valued at approximately $596,000.

Several other large investors have also bought and sold shares of SA. Larson Financial Group LLC bought a new stake in shares of Seabridge Gold during the 1st quarter worth $30,000. Geneos Wealth Management Inc. raised its stake in Seabridge Gold by 3.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company’s stock valued at $741,000 after acquiring an additional 1,610 shares during the period. SG Americas Securities LLC raised its stake in Seabridge Gold by 5.9% in the 1st quarter. SG Americas Securities LLC now owns 29,060 shares of the basic materials company’s stock valued at $439,000 after acquiring an additional 1,629 shares during the period. Russell Investments Group Ltd. raised its stake in Seabridge Gold by 0.9% in the 1st quarter. Russell Investments Group Ltd. now owns 897,435 shares of the basic materials company’s stock valued at $13,579,000 after acquiring an additional 8,440 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in Seabridge Gold by 4.3% in the 1st quarter. Bleakley Financial Group LLC now owns 162,203 shares of the basic materials company’s stock valued at $2,453,000 after acquiring an additional 6,726 shares during the period. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Trading Down 0.4 %

Shares of SA opened at $17.03 on Wednesday. The business’s 50-day moving average price is $17.45 and its 200-day moving average price is $16.06. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $20.55. The stock has a market cap of $1.54 billion, a PE ratio of -243.29 and a beta of 1.13. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.34.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.