Amundi Boosts Stock Position in Seabridge Gold, Inc. $SA

Key Points

• Amundi has increased its stake in Seabridge Gold, Inc. by 30.3%, owning a total of 845,655 shares valued at approximately $9.37 million as of the latest reporting period.
• Seabridge Gold’s stock price recently experienced a 3.0% decline, with its latest earnings report showing $0.09 earnings per share for the quarter.
• Analysts from Wall Street Zen downgraded Seabridge Gold from a "hold" rating to a "sell" rating on August 16th.

Amundi lifted its stake in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 30.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 845,655 shares of the basic materials company's stock after purchasing an additional 196,687 shares during the quarter. Amundi owned 0.84% of Seabridge Gold worth $9,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Seabridge Gold by 20.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,020 shares of the basic materials company's stock valued at $595,000 after purchasing an additional 8,732 shares during the period. Millennium Management LLC raised its stake in shares of Seabridge Gold by 121.8% during the 4th quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock valued at $3,638,000 after purchasing an additional 175,078 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Seabridge Gold by 5.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,850 shares of the basic materials company's stock valued at $318,000 after purchasing an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Seabridge Gold by 13.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,951 shares of the basic materials company's stock worth $290,000 after acquiring an additional 3,044 shares during the last quarter. Finally, Nuveen LLC bought a new position in Seabridge Gold in the 1st quarter worth about $774,000. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Price Performance

Shares of SA traded up $1.46 during midday trading on Monday, reaching $20.29. The stock had a trading volume of 2,755,967 shares, compared to its average volume of 925,253. The company's 50-day moving average is $16.60 and its 200 day moving average is $13.96. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $20.55. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -53.39 and a beta of 0.68.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its quarterly earnings data on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Seabridge Gold from a "sell" rating to a "hold" rating in a research note on Saturday.

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.