Seabridge Gold, Inc. $SA Shares Sold by Sprott Inc.

Key Points

• Sprott Inc. significantly reduced its stake in Seabridge Gold, Inc. by 48.7%, now owning 183,863 shares valued at approximately $2.15 million as of the latest SEC filing.
• Several other institutional investors have made moves in Seabridge Gold, including Banque Cantonale Vaudoise and Northwest & Ethical Investments, both acquiring new stakes in the first quarter.
• Seabridge Gold's stock is currently trading at $16.3550 and has experienced a price volatility range with a fifty-two week low of $9.40 and a high of $20.55.

Sprott Inc. lowered its holdings in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 48.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,863 shares of the basic materials company's stock after selling 174,267 shares during the quarter. Sprott Inc. owned 0.18% of Seabridge Gold worth $2,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kopernik Global Investors LLC lifted its holdings in Seabridge Gold by 141.0% during the first quarter. Kopernik Global Investors LLC now owns 7,342,955 shares of the basic materials company's stock valued at $85,692,000 after purchasing an additional 4,295,907 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Seabridge Gold by 31.2% in the 1st quarter. Quantbot Technologies LP now owns 81,291 shares of the basic materials company's stock valued at $949,000 after purchasing an additional 19,329 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Seabridge Gold in the 1st quarter valued at approximately $39,000. Raymond James Financial Inc. raised its stake in shares of Seabridge Gold by 7.9% in the 1st quarter. Raymond James Financial Inc. now owns 1,199,101 shares of the basic materials company's stock valued at $13,994,000 after acquiring an additional 88,115 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Seabridge Gold by 11.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 291,587 shares of the basic materials company's stock valued at $3,403,000 after acquiring an additional 28,850 shares during the period. Institutional investors and hedge funds own 34.85% of the company's stock.

Seabridge Gold Stock Performance

Shares of SA stock traded down $0.36 during mid-day trading on Wednesday, hitting $16.49. The stock had a trading volume of 318,101 shares, compared to its average volume of 826,468. Seabridge Gold, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $20.55. The firm has a market cap of $1.68 billion, a PE ratio of -43.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 4.24. The company's 50-day simple moving average is $15.74 and its 200-day simple moving average is $13.36.

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 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, August 16th.

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.