Elevatus Welath Management Has $3.13 Million Position in Seabridge Gold, Inc. $SA

Key Points

• Elevatus Wealth Management cut its stake by 30.4% in Seabridge Gold during Q4, selling 46,337 shares and retaining 105,862 shares worth about $3.13 million (≈0.10% of the company).
• Analysts are mixed—one Buy, one Hold and one Sell—resulting in an average rating of Hold and an average price target of $65, with B. Riley raising its target to $65 and assigning a Buy.
• Seabridge shares opened at $25.82, trade in a 52‑week range of $9.40–$40.06, have a market cap of $2.77 billion and a negative trailing P/E of −67.95.

Elevatus Welath Management cut its stake in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,862 shares of the basic materials company's stock after selling 46,337 shares during the quarter. Elevatus Welath Management owned approximately 0.10% of Seabridge Gold worth $3,132,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Caitlin John LLC acquired a new position in Seabridge Gold in the 3rd quarter valued at about $31,000. Blue Trust Inc. raised its holdings in Seabridge Gold by 974.0% in the 3rd quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 1,500 shares during the period. Total Investment Management Inc. acquired a new stake in Seabridge Gold during the second quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB acquired a new stake in Seabridge Gold during the fourth quarter worth approximately $58,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Seabridge Gold during the third quarter worth approximately $72,000. Institutional investors and hedge funds own 34.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SA shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Seabridge Gold in a research report on Monday, December 29th. Zacks Research raised Seabridge Gold from a "strong sell" rating to a "hold" rating in a report on Thursday, January 1st. Finally, B. Riley Financial boosted their price target on Seabridge Gold from $50.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $65.00.

Seabridge Gold Price Performance

NYSE:SA opened at $25.82 on Friday. Seabridge Gold, Inc. has a 52 week low of $9.40 and a 52 week high of $40.06. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.99 and a current ratio of 2.99. The firm's 50-day simple moving average is $32.32 and its 200 day simple moving average is $28.16. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of -67.95 and a beta of 0.76.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.

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