Seabridge Gold, Inc. $SA Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 3,413.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,165 shares of the basic materials company’s stock after buying an additional 40,965 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Seabridge Gold were worth $1,018,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Kopernik Global Investors LLC boosted its holdings in Seabridge Gold by 0.5% during the second quarter. Kopernik Global Investors LLC now owns 7,382,606 shares of the basic materials company’s stock worth $107,195,000 after buying an additional 39,651 shares in the last quarter. Cibc World Market Inc. grew its stake in Seabridge Gold by 16.5% in the 3rd quarter. Cibc World Market Inc. now owns 2,131,185 shares of the basic materials company’s stock worth $51,396,000 after acquiring an additional 302,476 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold by 10.8% in the second quarter. Ontario Teachers Pension Plan Board now owns 1,490,415 shares of the basic materials company’s stock valued at $21,652,000 after purchasing an additional 145,528 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Seabridge Gold by 6.3% during the 3rd quarter. Alps Advisors Inc. now owns 545,906 shares of the basic materials company’s stock valued at $13,184,000 after acquiring an additional 32,385 shares during the last quarter. Finally, Marshall Wace LLP increased 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 during the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SA. B. Riley Financial raised their price target on shares of Seabridge Gold from $50.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a report on Monday, December 29th. Zacks Research upgraded shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen lowered Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Seabridge Gold presently has a consensus rating of “Hold” and a consensus price target of $65.00.

Seabridge Gold Trading Up 3.1%

NYSE:SA opened at $37.51 on Wednesday. The firm has a market capitalization of $4.02 billion, a P/E ratio of -98.72 and a beta of 0.81. The business has a 50 day simple moving average of $31.88 and a 200 day simple moving average of $25.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.99 and a quick ratio of 2.99. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $37.99.

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.