Seabridge Gold, Inc. $SA Shares Acquired by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Seabridge Gold, Inc. by 11.5%, owning approximately 0.24% of the company with holdings valued at about $3.6 million.
• Seabridge Gold's stock price rose by 1.4%, with shares currently trading near $26.59, reflecting a 12-month high of $29.31 and a low of $9.40.
• Analysts have mixed opinions on the stock, with Zacks Research upgrading it to a "hold" rating, while other firms maintain a "sell" rating, leading to a consensus rating of "reduce."

TD Asset Management Inc grew its position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,111 shares of the basic materials company's stock after acquiring an additional 25,676 shares during the period. TD Asset Management Inc owned about 0.24% of Seabridge Gold worth $3,595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Seabridge Gold during the second quarter worth about $26,000. Banque Cantonale Vaudoise purchased a new stake in shares of Seabridge Gold during the first quarter worth about $26,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Seabridge Gold during the first quarter worth about $39,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Seabridge Gold during the first quarter worth about $121,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of Seabridge Gold during the first quarter worth about $122,000. Hedge funds and other institutional investors own 34.85% of the company's stock.

Seabridge Gold Stock Up 1.4%

Shares of NYSE SA opened at $26.59 on Tuesday. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $29.31. The stock has a market cap of $2.73 billion, a PE ratio of -69.98 and a beta of 0.76. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $20.49 and a 200 day moving average of $16.11.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SA. Zacks Research raised shares of Seabridge Gold to a "hold" rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a "sell (d)" rating on shares of Seabridge Gold in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Seabridge Gold from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

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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