Krilogy Financial LLC Takes $2.01 Million Position in Seabridge Gold, Inc. $SA

Key Points

• Krilogy Financial LLC acquired 138,150 shares of Seabridge Gold, Inc. valued at approximately $2,006,000, representing about 0.14% of the company.
• Seabridge Gold's stock opened at $20.29, with a market cap of $2.07 billion and a P/E ratio of -53.39.
• Wall Street Zen upgraded Seabridge Gold from a "sell" to a "hold" rating following their latest quarterly earnings report, which showed an EPS of $0.09.

Krilogy Financial LLC bought a new stake in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 138,150 shares of the basic materials company's stock, valued at approximately $2,006,000. Krilogy Financial LLC owned approximately 0.14% of Seabridge Gold as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 acquiring an additional 8,732 shares during the last quarter. Amundi boosted its holdings in Seabridge Gold by 30.3% in the first quarter. Amundi now owns 845,655 shares of the basic materials company's stock valued at $9,370,000 after acquiring an additional 196,687 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Seabridge Gold by 912,796.4% in the first quarter. Jones Financial Companies Lllp now owns 502,093 shares of the basic materials company's stock valued at $5,859,000 after acquiring an additional 502,038 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 acquiring an additional 175,078 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Seabridge Gold in the first quarter valued at about $344,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Trading Down 0.7%

SA traded down $0.14 during midday trading on Thursday, reaching $19.11. 997,714 shares of the company were exchanged, compared to its average volume of 863,331. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. Seabridge Gold, Inc. has a one year low of $9.40 and a one year high of $20.55. The stock has a market capitalization of $1.95 billion, a P/E ratio of -50.28 and a beta of 0.68. The stock's 50-day simple moving average is $16.85 and its 200 day simple moving average is $14.09.

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 (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SA shares. Wall Street Zen upgraded Seabridge Gold from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research upgraded Seabridge Gold to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

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.