OMERS ADMINISTRATION Corp Takes Position in Seabridge Gold, Inc. $SA

Key Points

• OMERS ADMINISTRATION Corp acquired a new position in Seabridge Gold, Inc. by purchasing 39,000 shares valued at approximately $455,000 in the first quarter.
• Several other institutional investors also bought new shares during the first quarter, indicating growing interest in the firm, which now has 34.85% of its stock owned by institutional investors.
• Seabridge Gold has been downgraded from a "hold" to a "sell" rating by Wall Street Zen following its latest earnings report, which showed an EPS of $0.09.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,000 shares of the basic materials company's stock, valued at approximately $455,000.

Other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of Seabridge Gold during the 1st quarter valued at $26,000. Northwest & Ethical Investments L.P. purchased a new position in shares of Seabridge Gold during the 1st quarter valued at $39,000. Wealth Preservation Advisors LLC purchased a new position in shares of Seabridge Gold during the 1st quarter valued at $121,000. Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $138,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $140,000. Hedge funds and other institutional investors own 34.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Seabridge Gold from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

Seabridge Gold Stock Performance

Shares of SA opened at $17.60 on Wednesday. The stock's 50-day simple moving average is $15.99 and its 200 day simple moving average is $13.51. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -46.33 and a beta of 0.68. 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 52-week low of $9.40 and a 52-week high of $20.55.

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.

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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