29,060 Shares in Seabridge Gold, Inc. $SA Acquired by BTG Pactual Asset Management US LLC

BTG Pactual Asset Management US LLC purchased a new position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,060 shares of the basic materials company’s stock, valued at approximately $748,000.

Other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $30,000. Smartleaf Asset Management LLC bought a new position in shares of Seabridge Gold during the fourth quarter worth $30,000. Federation des caisses Desjardins du Quebec boosted its position in shares of Seabridge Gold by 77.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 465 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in Seabridge Gold during the fourth quarter valued at $39,000. Finally, Allworth Financial LP purchased a new position in Seabridge Gold during the second quarter valued at $39,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Seabridge Gold Stock Down 1.9%

Shares of SA opened at $31.76 on Tuesday. The stock has a market capitalization of $3.43 billion and a price-to-earnings ratio of -65.62. Seabridge Gold, Inc. has a 1 year low of $23.69 and a 1 year high of $35.12. The business’s 50 day simple moving average is $28.36 and its 200-day simple moving average is $30.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71.

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.