24,333 Shares in Seabridge Gold, Inc. $SA Bought by Susquehanna Advisors Group Inc.

Susquehanna Advisors Group Inc. purchased a new stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,333 shares of the basic materials company’s stock, valued at approximately $626,000.

Other hedge funds have also modified their holdings of the company. Baird Financial Group Inc. purchased a new stake in shares of Seabridge Gold in the 1st quarter valued at $122,000. Royal Bank of Canada raised its position in shares of Seabridge Gold by 125.3% in the first quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company’s stock worth $541,000 after acquiring an additional 25,769 shares during the period. Geode Capital Management LLC increased its stake in shares of Seabridge Gold by 9.8% in the 2nd quarter. Geode Capital Management LLC now owns 44,686 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 3,982 shares in the last quarter. Marshall Wace LLP boosted its position in Seabridge Gold by 11.4% during the second quarter. Marshall Wace LLP now owns 541,886 shares of the basic materials company’s stock worth $7,868,000 after purchasing an additional 55,262 shares in the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of Seabridge Gold by 36.4% in the second quarter. Nebula Research & Development LLC now owns 27,657 shares of the basic materials company’s stock valued at $402,000 after buying an additional 7,374 shares in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Stock Performance

NYSE SA opened at $32.46 on Monday. The business has a 50 day moving average price of $28.31 and a 200 day moving average price of $30.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71. The company has a market capitalization of $3.50 billion and a P/E ratio of -67.07. Seabridge Gold, Inc. has a 1-year low of $23.69 and a 1-year high of $35.12.

Analysts Set New Price Targets

A number of research firms have commented on SA. Wall Street Zen upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. Finally, B. Riley Financial started coverage on shares of Seabridge Gold in a research note on Monday, August 3rd. They issued a “buy” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $40.00.

Seabridge Gold 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.