Deutsche Bank AG Boosts Stake in Seabridge Gold, Inc. $SA

Deutsche Bank AG boosted its stake in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 50.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 403,287 shares of the basic materials company's stock after acquiring an additional 134,502 shares during the period. Deutsche Bank AG owned 0.40% of Seabridge Gold worth $4,706,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nebula Research & Development LLC increased its position in Seabridge Gold by 6.9% in the 4th quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company's stock valued at $156,000 after acquiring an additional 881 shares during the period. NewEdge Advisors LLC increased its position in Seabridge Gold by 1.4% in the 4th quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company's stock valued at $954,000 after acquiring an additional 1,125 shares during the period. Geode Capital Management LLC increased its position in Seabridge Gold by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock valued at $434,000 after acquiring an additional 1,171 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Seabridge Gold by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,450 shares of the basic materials company's stock worth $861,000 after purchasing an additional 1,490 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in 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 worth $318,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 34.85% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Seabridge Gold from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Seabridge Gold Stock Performance

NYSE SA traded up $0.2850 on Friday, hitting $16.6750. 276,094 shares of the company's stock were exchanged, compared to its average volume of 822,936. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 9.53. The firm's 50-day moving average price is $15.64 and its two-hundred day moving average price is $13.28. Seabridge Gold, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $20.55. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -44.12 and a beta of 0.64.

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

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.