Deutsche Bank AG acquired a new position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 492,824 shares of the basic materials company's stock, valued at approximately $12,685,000. Deutsche Bank AG owned about 0.46% of Seabridge Gold as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of SA. Uniting Wealth Partners LLC acquired a new stake in shares of Seabridge Gold in the second quarter worth $399,000. Alberta Investment Management Corp acquired a new position in Seabridge Gold during the second quarter valued at $592,000. Everett Harris & Co. CA purchased a new stake in Seabridge Gold in the second quarter valued at $232,000. Nations Financial Group Inc. IA ADV boosted its holdings in Seabridge Gold by 3.6% in the second quarter. Nations Financial Group Inc. IA ADV now owns 275,284 shares of the basic materials company's stock valued at $7,086,000 after purchasing an additional 9,470 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in Seabridge Gold during the 1st quarter worth about $309,000. Institutional investors and hedge funds own 34.85% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SA. B. Riley Financial started coverage on Seabridge Gold in a research note on Monday, August 3rd. They set a "buy" rating and a $40.00 price objective for the company. Weiss Ratings upgraded Seabridge Gold from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday. Finally, Wall Street Zen raised Seabridge Gold from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $40.00.
Check Out Our Latest Report on SA
Seabridge Gold Price Performance
Shares of Seabridge Gold stock opened at $29.97 on Friday. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold, Inc. has a twelve month low of $23.69 and a twelve month high of $34.59. The business has a 50-day moving average price of $27.96 and a 200 day moving average price of $30.04. The firm has a market cap of $3.23 billion, a PE ratio of -61.92 and a beta of 0.89.
About Seabridge Gold
(
Free Report)
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.
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