Nations Financial Group Inc. IA ADV Boosts Holdings in Seabridge Gold, Inc. $SA

Key Points

• Nations Financial Group Inc. IA ADV increased its position in Seabridge Gold, Inc. (NYSE:SA) by 11.0%, owning 291,587 shares worth approximately $3.4 million as of the latest SEC filing.
• Other institutional investors, including Russell Investments Group Ltd. and Ontario Teachers Pension Plan Board, also significantly raised their stakes, indicating increased interest in Seabridge Gold.
• Seabridge Gold has a current market capitalization of $1.69 billion and recently reported a $0.09 EPS for the quarter ending August 13th.

Nations Financial Group Inc. IA ADV boosted its stake in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 291,587 shares of the basic materials company's stock after buying an additional 28,850 shares during the quarter. Nations Financial Group Inc. IA ADV owned approximately 0.29% of Seabridge Gold worth $3,403,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SA. JPMorgan Chase & Co. boosted its position in Seabridge Gold by 459.3% during the fourth quarter. JPMorgan Chase & Co. now owns 135,269 shares of the basic materials company's stock worth $1,543,000 after purchasing an additional 111,084 shares during the period. Geode Capital Management LLC boosted its position in Seabridge Gold by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock worth $434,000 after purchasing an additional 1,171 shares during the period. Barclays PLC boosted its position in Seabridge Gold by 3.0% during the fourth quarter. Barclays PLC now owns 132,045 shares of the basic materials company's stock worth $1,507,000 after purchasing an additional 3,802 shares during the period. NewEdge Advisors LLC boosted its position in Seabridge Gold by 1.4% during the fourth quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company's stock worth $954,000 after purchasing an additional 1,125 shares during the period. Finally, Marshall Wace LLP boosted its position in Seabridge Gold by 97.7% during the fourth quarter. Marshall Wace LLP now owns 182,196 shares of the basic materials company's stock worth $2,079,000 after purchasing an additional 90,057 shares during the period. Institutional investors own 34.85% of the company's stock.

Seabridge Gold Trading Up 1.0%

Shares of NYSE SA traded up $0.17 during mid-day trading on Monday, hitting $16.88. The stock had a trading volume of 969,152 shares, compared to its average volume of 679,029. The company has a debt-to-equity ratio of 0.56, a quick ratio of 9.53 and a current ratio of 9.53. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $20.55. The business has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $13.21. The firm has a market cap of $1.72 billion, a P/E ratio of -44.42 and a beta of 0.64.

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

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Seabridge Gold from a "hold" rating to a "sell" rating in a 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.