Privium Fund Management B.V. acquired a new position in Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,957 shares of the basic materials company’s stock, valued at approximately $128,000.
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Several other institutional investors also recently modified their holdings of SA. JPMorgan Chase & Co. grew its stake in shares of Seabridge Gold by 17.9% in the first quarter. JPMorgan Chase & Co. now owns 163,874 shares of the basic materials company’s stock worth $3,032,000 after purchasing an additional 24,880 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Seabridge Gold by 5.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company’s stock valued at $447,000 after acquiring an additional 1,175 shares during the last quarter. Citigroup Inc. boosted its position in Seabridge Gold by 56.9% during the first quarter. Citigroup Inc. now owns 15,194 shares of the basic materials company’s stock valued at $281,000 after acquiring an additional 5,512 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Seabridge Gold by 64.0% during the first quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock valued at $75,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in Seabridge Gold by 75.9% during the first quarter. Cibc World Market Inc. now owns 47,146 shares of the basic materials company’s stock valued at $872,000 after acquiring an additional 20,338 shares during the last quarter. Institutional investors own 29.36% of the company’s stock.
Seabridge Gold Stock Performance
Shares of SA stock traded down $0.04 during trading hours on Friday, hitting $13.60. 1,389 shares of the company were exchanged, compared to its average volume of 285,254. The firm has a fifty day simple moving average of $12.58 and a 200 day simple moving average of $12.39. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.29. Seabridge Gold Inc. has a 52-week low of $10.03 and a 52-week high of $22.22. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 151.57 and a beta of 0.88.
Seabridge Gold (NYSE:SA – Get Rating) (TSE:SEA) last released its quarterly earnings data on Monday, November 14th. The basic materials company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. Research analysts predict that Seabridge Gold Inc. will post 0.14 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on SA. B. Riley increased their price objective on shares of Seabridge Gold from $57.00 to $60.00 in a research report on Monday, November 21st. StockNews.com began coverage on shares of Seabridge Gold in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.
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 copper, silver, molybdenum, and rhenium deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project located in the Nevada; and 3 Aces project located in the Yukon Territory.
Further Reading
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Read More:10,957 Shares in Seabridge Gold Inc. (NYSE:SA) Bought by Privium Fund Management B.V.
2023-01-22 16:43:29
