Seabridge Gold, Inc. $SA Shares Purchased by Kopernik Global Investors LLC

Key Points

• Kopernik Global Investors LLC has significantly increased its stake in Seabridge Gold, Inc. by 141%, now holding about $85.69 million in shares, accounting for 8.9% of its portfolio.
• The stock currently has a market cap of $1.66 billion, with a P/E ratio of -42.78 and a one-year price range between $9.40 and $20.55.
• Recently, analyst ratings for Seabridge Gold were downgraded from a "hold" to a "sell" by Wall Street Zen.

Kopernik Global Investors LLC grew its holdings in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 141.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,342,955 shares of the basic materials company's stock after purchasing an additional 4,295,907 shares during the quarter. Seabridge Gold makes up approximately 8.9% of Kopernik Global Investors LLC's portfolio, making the stock its 5th largest holding. Kopernik Global Investors LLC owned 7.30% of Seabridge Gold worth $85,692,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Seabridge Gold by 20.6% in the first 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 raised its position in shares of Seabridge Gold by 121.8% in the fourth 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 raised its position in shares of Seabridge Gold by 5.7% in the fourth 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 raised its position in shares of Seabridge Gold by 13.9% in the first 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 raised its position in shares of Seabridge Gold by 36.6% in the first 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.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Seabridge Gold from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th.

Seabridge Gold Trading Down 0.6%

Shares of SA traded down $0.10 during mid-day trading on Monday, hitting $16.44. The company had a trading volume of 164,808 shares, compared to its average volume of 823,472. The business's 50-day simple moving average is $15.67 and its 200-day simple moving average is $13.31. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57. Seabridge Gold, Inc. has a 1-year low of $9.40 and a 1-year high of $20.55. The stock has a market cap of $1.68 billion, a PE ratio of -43.33 and a beta of 0.64.

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

Seabridge Gold 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.