Privium Fund Management B.V. Decreases Holdings in Seabridge Gold, Inc. $SA

Privium Fund Management B.V. trimmed its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 51.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,756 shares of the basic materials company’s stock after selling 24,718 shares during the period. Privium Fund Management B.V.’s holdings in Seabridge Gold were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Seabridge Gold by 3,413.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 42,165 shares of the basic materials company’s stock worth $1,018,000 after buying an additional 40,965 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Seabridge Gold by 210.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,178,662 shares of the basic materials company’s stock worth $197,514,000 after buying an additional 5,543,170 shares during the last quarter. Quantbot Technologies LP lifted its holdings in Seabridge Gold by 196.0% during the 3rd quarter. Quantbot Technologies LP now owns 54,171 shares of the basic materials company’s stock worth $1,308,000 after buying an additional 35,873 shares during the last quarter. Elevatus Welath Management purchased a new stake in Seabridge Gold during the 3rd quarter worth about $3,676,000. Finally, Bleakley Financial Group LLC lifted its holdings in Seabridge Gold by 41.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 122,561 shares of the basic materials company’s stock worth $2,960,000 after buying an additional 36,073 shares during the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SA has been the subject of a number of recent analyst reports. Zacks Research downgraded Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $65.00.

Seabridge Gold Stock Performance

Shares of SA stock opened at $28.08 on Wednesday. The stock has a market capitalization of $3.02 billion, a PE ratio of -78.00 and a beta of 0.83. Seabridge Gold, Inc. has a 52-week low of $11.12 and a 52-week high of $40.06. The stock’s 50-day moving average price is $31.14 and its 200 day moving average price is $29.63. The company has a quick ratio of 5.24, a current ratio of 5.24 and a debt-to-equity ratio of 0.53.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Thursday, March 26th. The basic materials company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.27). As a group, equities research analysts forecast that Seabridge Gold, Inc. will post -0.17 EPS for the current year.

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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.