Deutsche Bank AG Grows Position in Seabridge Gold, Inc. $SA

Deutsche Bank AG boosted its position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 50.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 403,287 shares of the basic materials company's stock after purchasing an additional 134,502 shares during the period. Deutsche Bank AG owned about 0.40% of Seabridge Gold worth $4,706,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nebula Research & Development LLC grew its position in shares of Seabridge Gold by 6.9% during 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 lifted its stake in shares of Seabridge Gold by 1.4% during the 4th quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company's stock valued at $954,000 after buying an additional 1,125 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Seabridge Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock valued at $434,000 after buying an additional 1,171 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 valued at $861,000 after buying an additional 1,490 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted 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 buying an additional 1,500 shares in the last quarter. 34.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Seabridge Gold Price Performance

Shares of Seabridge Gold stock traded down $0.6350 on Tuesday, hitting $16.2550. 689,653 shares of the company traded hands, compared to its average volume of 689,448. The firm's 50-day simple moving average is $15.57 and its 200 day simple moving average is $13.23. The company has a current ratio of 4.24, a quick ratio of 9.53 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.66 billion, a P/E ratio of -42.78 and a beta of 0.64. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $20.55.

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 for the quarter.

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.