Dynamic Technology Lab Private Ltd Buys Shares of 29,496 Seabridge Gold, Inc. $SA

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 bought a new stake in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 29,496 shares of the basic materials company's stock, valued at approximately $344,000.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in 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 buying an additional 8,732 shares during the last quarter. Millennium Management LLC grew its holdings in 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 buying an additional 175,078 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 valued at $318,000 after buying an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Seabridge Gold by 13.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,951 shares of the basic materials company's stock valued at $290,000 after buying an additional 3,044 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its holdings in Seabridge Gold by 36.6% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 1,344,887 shares of the basic materials company's stock valued at $15,657,000 after buying an additional 360,183 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company's stock.

Analysts Set New Price Targets

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

Seabridge Gold Price Performance

SA stock opened at $18.84 on Friday. Seabridge Gold, Inc. has a 52-week low of $9.40 and a 52-week high of $20.55. The stock's fifty day simple moving average is $16.51 and its 200-day simple moving average is $13.85. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -49.58 and a beta of 0.68.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.