Nations Financial Group Inc. IA ADV Grows Stock 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 raised its holdings 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 Securities & Exchange Commission. The firm owned 291,587 shares of the basic materials company's stock after buying an additional 28,850 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.29% of Seabridge Gold worth $3,403,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of Seabridge Gold by 66.3% during the first quarter. Russell Investments Group Ltd. now owns 1,192,840 shares of the basic materials company's stock valued at $13,903,000 after acquiring an additional 475,352 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in 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 worth $15,657,000 after buying an additional 360,183 shares in the last quarter. Bank of America Corp DE raised its stake in Seabridge Gold by 138.6% in the fourth quarter. Bank of America Corp DE now owns 414,500 shares of the basic materials company's stock worth $4,729,000 after buying an additional 240,756 shares in the last quarter. Jane Street Group LLC raised its stake in Seabridge Gold by 159.1% in the fourth quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company's stock worth $3,425,000 after buying an additional 184,341 shares in the last quarter. Finally, Millennium Management LLC raised its stake 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 worth $3,638,000 after buying an additional 175,078 shares in the last quarter. 34.85% of the stock is currently owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock traded down $0.0450 on Wednesday, hitting $16.2050. 248,737 shares of the company's stock were exchanged, compared to its average volume of 825,567. The company has a 50-day simple moving average of $15.57 and a 200-day simple moving average of $13.23. The stock has a market capitalization of $1.65 billion, a PE ratio of -42.66 and a beta of 0.64. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 9.53 and a current ratio of 4.24.

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

Analyst Upgrades and Downgrades

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

About Seabridge Gold

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.