International Assets Investment Management LLC Takes $311,000 Position in Seabridge Gold Inc. (NYSE:SA)

International Assets Investment Management LLC bought a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 25,655 shares of the basic materials company’s stock, valued at approximately $311,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its holdings in Seabridge Gold by 6.6% during the fourth quarter. SG Americas Securities LLC now owns 27,431 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 1,693 shares in the last quarter. Alps Advisors Inc. lifted its stake in Seabridge Gold by 0.5% in the 3rd quarter. Alps Advisors Inc. now owns 330,210 shares of the basic materials company’s stock valued at $3,484,000 after buying an additional 1,700 shares in the last quarter. Swiss National Bank boosted its holdings in Seabridge Gold by 2.0% in the 3rd quarter. Swiss National Bank now owns 155,400 shares of the basic materials company’s stock worth $1,648,000 after buying an additional 3,000 shares during the last quarter. CIBC Asset Management Inc increased its stake in Seabridge Gold by 8.9% during the 3rd quarter. CIBC Asset Management Inc now owns 65,900 shares of the basic materials company’s stock worth $695,000 after buying an additional 5,408 shares in the last quarter. Finally, Stansberry Asset Management LLC raised its holdings in shares of Seabridge Gold by 43.5% during the third quarter. Stansberry Asset Management LLC now owns 21,809 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 6,608 shares during the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

NYSE:SA opened at $15.89 on Friday. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $16.71. The company has a market cap of $1.38 billion, a P/E ratio of -40.74 and a beta of 1.11. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $13.85 and its 200-day moving average price is $12.19.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). On average, sell-side analysts forecast that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday, April 1st.

About Seabridge Gold

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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.