26,350 Shares in Seabridge Gold Inc. (NYSE:SA) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,350 shares of the basic materials company’s stock, valued at approximately $442,000.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 8,440 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Seabridge Gold in the 1st quarter worth approximately $712,000. International Assets Investment Management LLC purchased a new stake in shares of Seabridge Gold in the 3rd quarter valued at $596,000. Toronto Dominion Bank bought a new position in shares of Seabridge Gold during the 2nd quarter valued at $13,720,000. Finally, Marshall Wace LLP purchased a new position in Seabridge Gold in the 2nd quarter worth $311,000. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Seabridge Gold Price Performance

SA stock opened at $16.76 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -239.43 and a beta of 1.13. The firm’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $16.09. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $20.55.

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

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.