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% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 183,863 shares of the basic materials company's stock after selling 174,267 shares during the period. Sprott Inc. owned 0.18% of Seabridge Gold worth $2,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SA. Banque Cantonale Vaudoise purchased a new stake in shares of Seabridge Gold in the first quarter valued at $26,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Seabridge Gold in the first quarter valued at $39,000. Ewing Morris & Co. Investment Partners Ltd. purchased a new stake in shares of Seabridge Gold in the fourth quarter valued at $138,000. Tudor Investment Corp ET AL purchased a new stake in shares of Seabridge Gold in the fourth quarter valued at $140,000. Finally, Nebula Research & Development LLC grew its position in shares of Seabridge Gold by 6.9% in the fourth quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 881 shares during the period. Hedge funds and other institutional investors own 34.85% of the company's stock.

Wall Street Analysts Forecast Growth

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

Seabridge Gold Trading Up 3.0%

Seabridge Gold stock traded up $0.49 during midday trading on Tuesday, reaching $16.84. The stock had a trading volume of 1,601,126 shares, compared to its average volume of 829,698. Seabridge Gold, Inc. has a twelve month low of $9.40 and a twelve month high of $20.55. The stock has a market capitalization of $1.72 billion, a PE ratio of -44.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. The stock's 50-day simple moving average is $15.70 and its 200 day simple moving average is $13.33.

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

Seabridge Gold 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.