29,496 Shares in Seabridge Gold, Inc. $SA Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 29,496 shares of Seabridge Gold, Inc. during the first quarter, with a total value of approximately $344,000.
• Other institutional investors, such as Cambridge Investment Research Advisors and Millennium Management, have also increased their stakes in Seabridge Gold, reflecting growing interest in the company's stock.
• Wall Street Zen upgraded Seabridge Gold from a "sell" rating to a "hold" rating in a recent report, indicating a more favorable outlook on the stock.

Dynamic Technology Lab Private Ltd acquired a new position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA during the first quarter, according to its most recent filing with the SEC. The firm acquired 29,496 shares of the basic materials company's stock, valued at approximately $344,000.

A number of other large investors have also recently made changes to their positions in the business. Eschler Asset Management LLP grew its position in shares of Seabridge Gold by 40.0% in the 1st quarter. Eschler Asset Management LLP now owns 35,000 shares of the basic materials company's stock worth $408,000 after buying an additional 10,000 shares during the last quarter. Amundi grew its position in shares of Seabridge Gold by 30.3% in the 1st quarter. Amundi now owns 845,655 shares of the basic materials company's stock worth $9,370,000 after buying an additional 196,687 shares during the last quarter. PDT Partners LLC grew its position in shares of Seabridge Gold by 127.0% in the 1st quarter. PDT Partners LLC now owns 70,473 shares of the basic materials company's stock worth $822,000 after buying an additional 39,433 shares during the last quarter. Royal Bank of Canada grew its position in shares of Seabridge Gold by 125.3% in the 1st quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company's stock worth $541,000 after buying an additional 25,769 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Seabridge Gold in the 1st quarter worth approximately $122,000. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Stock Down 0.7%

NYSE:SA traded down $0.14 during trading hours on Thursday, reaching $19.11. 997,714 shares of the company traded hands, compared to its average volume of 1,094,574. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $20.55. The business's 50-day moving average price is $16.85 and its two-hundred day moving average price is $14.09. 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 stock has a market capitalization of $1.95 billion, a P/E ratio of -50.28 and a beta of 0.68.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Seabridge Gold from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Zacks Research upgraded Seabridge Gold to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold".

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.