Tcfg Wealth Management LLC Sells 12,500 Shares of Seabridge Gold, Inc. $SA

Key Points

• Tcfg Wealth Management LLC decreased its stake in Seabridge Gold by 54.4%, selling 12,500 shares and owning 10,475 shares valued at $152,000 at the end of the second quarter.
• Other institutional investors such as UBS AM and Wealth Enhancement Advisory Services LLC have increased their holdings, indicating varied sentiment among investors.
• Wall Street analysts have recently issued mixed ratings, with one upgrade to a "hold" but maintaining an average rating of "Reduce" for the stock.

Tcfg Wealth Management LLC cut its position in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 54.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,475 shares of the basic materials company's stock after selling 12,500 shares during the quarter. Tcfg Wealth Management LLC's holdings in Seabridge Gold were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Seabridge Gold by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,450 shares of the basic materials company's stock valued at $861,000 after acquiring an additional 1,490 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Seabridge Gold by 5.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,850 shares of the basic materials company's stock valued at $318,000 after acquiring an additional 1,500 shares in the last quarter. Strait & Sound Wealth Management LLC increased its holdings in shares of Seabridge Gold by 1.4% during the first quarter. Strait & Sound Wealth Management LLC now owns 128,778 shares of the basic materials company's stock valued at $1,503,000 after acquiring an additional 1,719 shares in the last quarter. CWM LLC increased its holdings in shares of Seabridge Gold by 13.4% during the first quarter. CWM LLC now owns 15,026 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Seabridge Gold during the second quarter valued at about $26,000. Institutional investors and hedge funds own 34.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SA. Wall Street Zen upgraded shares of Seabridge Gold from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Zacks Research upgraded shares of Seabridge Gold to a "hold" rating in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Seabridge Gold in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Seabridge Gold currently has an average rating of "Reduce".

Seabridge Gold Price Performance

Shares of NYSE:SA opened at $24.58 on Wednesday. Seabridge Gold, Inc. has a twelve month low of $9.40 and a twelve month high of $25.45. The company's 50 day moving average is $18.67 and its 200 day moving average is $15.16. 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 market cap of $2.52 billion, a PE ratio of -64.67 and a beta of 0.76.

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