Quantbot Technologies LP Has $1.31 Million Stake in Seabridge Gold, Inc. $SA

Key Points

• Quantbot Technologies LP boosted its stake in Seabridge Gold by 196% in Q3, buying an additional 35,873 shares to hold 54,171 shares worth about $1.31 million (roughly 0.05% of the company).
• Analyst sentiment is mixed with an average rating of "Hold" and an average price target of $65; recent notes include downgrades from some firms and a Buy rating with an increased $65 target from B. Riley.
• Seabridge shares opened at $33.24 (down 4.8%), trade in a 1‑year range of $9.40–$40.06, and the company has a market capitalization of about $3.57 billion with a negative P/E.

Quantbot Technologies LP increased its position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 196.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,171 shares of the basic materials company's stock after purchasing an additional 35,873 shares during the period. Quantbot Technologies LP owned approximately 0.05% of Seabridge Gold worth $1,308,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Caitlin John LLC bought a new position in shares of Seabridge Gold in the third quarter valued at $31,000. Blue Trust Inc. lifted its position in Seabridge Gold by 974.0% in the 3rd quarter. Blue Trust Inc. now owns 1,654 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 1,500 shares in the last quarter. Total Investment Management Inc. acquired a new position in Seabridge Gold during the 2nd quarter valued at about $28,000. TD Waterhouse Canada Inc. acquired a new position in Seabridge Gold during the 3rd quarter valued at about $100,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Seabridge Gold by 41.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 4,250 shares of the basic materials company's stock worth $103,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors own 34.85% of the company's stock.

Analyst Ratings Changes

SA has been the topic of a number of recent research reports. Wall Street Zen lowered Seabridge Gold from a "hold" rating to a "sell" rating in a report on Saturday, November 22nd. Weiss Ratings restated a "sell (d-)" rating on shares of Seabridge Gold in a research note on Monday, December 29th. Zacks Research upgraded shares of Seabridge Gold from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 1st. Finally, B. Riley Financial increased their target price on shares of Seabridge Gold from $50.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $65.00.

Seabridge Gold Stock Down 4.8%

Shares of NYSE:SA opened at $33.24 on Friday. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $40.06. The company has a market capitalization of $3.57 billion, a PE ratio of -87.47 and a beta of 0.76. The business has a fifty day moving average price of $32.82 and a two-hundred day moving average price of $26.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.99 and a quick ratio of 2.99.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.

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