Van ECK Associates Corp Purchases 114,331 Shares of Seabridge Gold Inc. (NYSE:SA)

Van ECK Associates Corp raised its position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,501,796 shares of the basic materials company's stock after purchasing an additional 114,331 shares during the period. Van ECK Associates Corp owned 4.07% of Seabridge Gold worth $42,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SA. CWM LLC raised its position in shares of Seabridge Gold by 10.5% during the 4th quarter. CWM LLC now owns 10,725 shares of the basic materials company's stock worth $130,000 after acquiring an additional 1,020 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Seabridge Gold by 16.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 47,383 shares of the basic materials company's stock valued at $575,000 after purchasing an additional 6,758 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Seabridge Gold during the 4th quarter worth approximately $311,000. Everett Harris & Co. CA purchased a new stake in shares of Seabridge Gold during the 4th quarter worth approximately $158,000. Finally, Raymond James & Associates boosted its holdings in shares of Seabridge Gold by 21.6% in the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company's stock valued at $9,777,000 after buying an additional 143,321 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a research report on Monday, April 1st.

Seabridge Gold Stock Performance

Seabridge Gold stock traded up $0.16 during trading hours on Wednesday, reaching $15.16. 531,202 shares of the stock were exchanged, compared to its average volume of 552,988. The stock has a market cap of $1.32 billion, a P/E ratio of -38.43 and a beta of 1.11. The firm's 50 day moving average is $14.11 and its 200 day moving average is $12.31. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.38 and a current ratio of 2.38. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $16.71.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.29). Analysts predict that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

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.