TD Asset Management Inc Grows Stock Holdings in Seabridge Gold, Inc. $SA

TD Asset Management Inc increased its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 109.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,446 shares of the basic materials company’s stock after acquiring an additional 281,512 shares during the quarter. TD Asset Management Inc owned about 0.51% of Seabridge Gold worth $16,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SA. Caitlin John LLC acquired a new stake in Seabridge Gold during the 3rd quarter worth $31,000. Banque Cantonale Vaudoise acquired a new stake in Seabridge Gold during the 4th quarter worth $39,000. MassMutual Private Wealth & Trust FSB acquired a new stake in Seabridge Gold during the 4th quarter worth $58,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Seabridge Gold during the 3rd quarter worth $72,000. Finally, Farther Finance Advisors LLC raised its stake in Seabridge Gold by 1,703.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 2,607 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Stock Down 5.3%

SA stock opened at $27.85 on Tuesday. The company has a market cap of $3.00 billion, a P/E ratio of -57.55 and a beta of 0.89. Seabridge Gold, Inc. has a 52 week low of $13.93 and a 52 week high of $40.06. The company’s 50-day moving average price is $30.68 and its 200 day moving average price is $30.88. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). On average, research analysts expect that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SA shares. Wall Street Zen raised shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research report on Friday, March 27th. Finally, Zacks Research downgraded shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Seabridge Gold presently has an average rating of “Reduce” and an average price target of $65.00.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.