Kopernik Global Investors LLC Has $85.69 Million Stake in Seabridge Gold, Inc. $SA

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 increased its position in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 141.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,342,955 shares of the basic materials company's stock after buying an additional 4,295,907 shares during the quarter. Seabridge Gold accounts for about 8.9% of Kopernik Global Investors LLC's portfolio, making the stock its 5th biggest holding. Kopernik Global Investors LLC owned about 7.30% of Seabridge Gold worth $85,692,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Seabridge Gold in the first quarter valued at approximately $26,000. Northwest & Ethical Investments L.P. bought a new position in Seabridge Gold in the first quarter valued at approximately $39,000. Ewing Morris & Co. Investment Partners Ltd. bought a new position in Seabridge Gold in the fourth quarter valued at approximately $138,000. Tudor Investment Corp ET AL bought a new position in Seabridge Gold in the fourth quarter valued at approximately $140,000. Finally, Nebula Research & Development LLC grew its stake in Seabridge Gold by 6.9% in the fourth quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 881 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Stock Performance

NYSE:SA opened at $16.2550 on Wednesday. The stock has a market cap of $1.66 billion, a P/E ratio of -42.78 and a beta of 0.64. The stock has a 50 day simple moving average of $15.57 and a 200 day simple moving average of $13.23. The company has a current ratio of 4.24, a quick ratio of 9.53 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.

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

Analyst Ratings Changes

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

Seabridge Gold Company 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.

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