Krilogy Financial LLC Purchases New Shares 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 purchased a new position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SA. Cambridge Investment Research Advisors Inc. increased 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 worth $595,000 after acquiring an additional 8,732 shares in the last quarter. Amundi grew its holdings in shares of Seabridge Gold by 30.3% during the first quarter. Amundi now owns 845,655 shares of the basic materials company's stock valued at $9,370,000 after buying an additional 196,687 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Seabridge Gold during the first quarter valued at $344,000. Jones Financial Companies Lllp grew its holdings in shares of Seabridge Gold by 912,796.4% during 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 buying an additional 502,038 shares in the last quarter. Finally, Millennium Management LLC grew its stake 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 acquiring an additional 175,078 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company's stock.

Seabridge Gold Stock Performance

Shares of NYSE SA traded up $1.05 during trading hours on Friday, hitting $20.16. 7,835,627 shares of the stock were exchanged, compared to its average volume of 1,111,417. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 4.24. The company's 50 day moving average is $16.94 and its 200 day moving average is $14.16. The firm has a market capitalization of $2.06 billion, a P/E ratio of -53.05 and a beta of 0.68. Seabridge Gold, Inc. has a one year low of $9.40 and a one 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 (EPS) for the quarter.

Wall Street Analyst Weigh In

SA has been the topic of several research analyst reports. Wall Street Zen upgraded shares of 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 research note on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

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.