Seabridge Gold, Inc. $SA Stock Position Trimmed by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. decreased its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 658,050 shares of the basic materials company’s stock after selling 49,340 shares during the period. Seabridge Gold makes up about 4.3% of Van Den Berg Management I Inc.’s holdings, making the stock its 3rd biggest position. Van Den Berg Management I Inc.’s holdings in Seabridge Gold were worth $18,649,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SA. Public Employees Retirement System of Ohio lifted its holdings in shares of Seabridge Gold by 1.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 22,708 shares of the basic materials company’s stock valued at $642,000 after buying an additional 345 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in shares of Seabridge Gold by 77.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. Signaturefd LLC grew its holdings in Seabridge Gold by 20.2% during the fourth quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after acquiring an additional 502 shares during the period. Pictet Asset Management Holding SA grew its holdings in Seabridge Gold by 3.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 522 shares during the period. Finally, SG Americas Securities LLC raised its position in Seabridge Gold by 2.9% in the first quarter. SG Americas Securities LLC now owns 28,926 shares of the basic materials company’s stock worth $820,000 after acquiring an additional 803 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Price Performance

Seabridge Gold stock opened at $26.03 on Friday. Seabridge Gold, Inc. has a 12-month low of $23.69 and a 12-month high of $33.04. The stock has a market capitalization of $2.80 billion, a P/E ratio of -53.77 and a beta of 0.89. The firm’s 50-day moving average is $28.23 and its two-hundred day moving average is $30.41. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71.

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

Analyst Ratings Changes

A number of research firms have commented on SA. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research cut shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of Seabridge Gold from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $65.00.

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.