Toronto Dominion Bank Increases Holdings in Seabridge Gold Inc (NYSE:SA)

Toronto Dominion Bank grew its holdings in shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,008,876 shares of the basic materials company’s stock after purchasing an additional 1,485 shares during the period. Toronto Dominion Bank’s holdings in Seabridge Gold were worth $13,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Confluence Investment Management LLC lifted its holdings in Seabridge Gold by 6.5% during the 2nd quarter. Confluence Investment Management LLC now owns 12,984 shares of the basic materials company’s stock worth $176,000 after buying an additional 795 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Seabridge Gold by 0.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 159,095 shares of the basic materials company’s stock worth $2,153,000 after buying an additional 1,000 shares during the last quarter. Swiss National Bank lifted its holdings in Seabridge Gold by 2.8% during the 2nd quarter. Swiss National Bank now owns 78,100 shares of the basic materials company’s stock worth $1,056,000 after buying an additional 2,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Seabridge Gold by 5.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 72,306 shares of the basic materials company’s stock worth $977,000 after buying an additional 3,831 shares during the last quarter. Finally, RB Capital Management LLC lifted its holdings in Seabridge Gold by 4.8% during the 2nd quarter. RB Capital Management LLC now owns 88,359 shares of the basic materials company’s stock worth $1,195,000 after buying an additional 4,070 shares during the last quarter. 23.83% of the stock is owned by institutional investors.

NYSE SA traded up $0.04 during trading on Friday, reaching $12.78. 272,959 shares of the company’s stock were exchanged, compared to its average volume of 416,431. The stock has a market cap of $807.01 million, a P/E ratio of -49.15 and a beta of -0.16. The company has a 50 day moving average price of $14.22 and a two-hundred day moving average price of $13.07. Seabridge Gold Inc has a 1 year low of $10.95 and a 1 year high of $16.55.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Tuesday, August 13th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. As a group, research analysts anticipate that Seabridge Gold Inc will post -0.07 earnings per share for the current fiscal year.

A number of analysts have issued reports on the company. Canaccord Genuity reaffirmed a “buy” rating on shares of Seabridge Gold in a report on Friday, July 19th. ValuEngine downgraded Seabridge Gold from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Zacks Investment Research raised Seabridge Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Finally, B. Riley lifted their price target on Seabridge Gold from $24.60 to $25.40 and gave the stock a “buy” rating in a report on Monday, September 9th.

About Seabridge Gold

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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