Old West Investment Management LLC Has $788,000 Holdings in Seabridge Gold Inc. (NYSE:SA)

Old West Investment Management LLC grew its position in shares of Seabridge Gold Inc. (NYSE:SAFree Report) (TSE:SEA) by 59.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,932 shares of the basic materials company’s stock after buying an additional 24,286 shares during the quarter. Seabridge Gold makes up about 0.4% of Old West Investment Management LLC’s investment portfolio, making the stock its 28th largest holding. Old West Investment Management LLC owned approximately 0.08% of Seabridge Gold worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its position in Seabridge Gold by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 3,501,796 shares of the basic materials company’s stock worth $42,477,000 after acquiring an additional 114,331 shares in the last quarter. Kopernik Global Investors LLC increased its position in Seabridge Gold by 16.9% during the fourth quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock worth $38,686,000 after buying an additional 460,895 shares during the last quarter. Sprott Inc. lifted its position in shares of Seabridge Gold by 8.0% in the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock worth $18,457,000 after buying an additional 128,323 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Seabridge Gold by 21.6% during the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock valued at $9,777,000 after acquiring an additional 143,321 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its stake in shares of Seabridge Gold by 53.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 543,193 shares of the basic materials company’s stock valued at $6,584,000 after acquiring an additional 189,096 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on SA

Seabridge Gold Price Performance

Shares of NYSE SA traded down $1.04 during midday trading on Friday, reaching $14.53. 524,889 shares of the company traded hands, compared to its average volume of 558,670. The firm has a market cap of $1.28 billion, a PE ratio of -40.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.19 and a current ratio of 3.19. The stock’s 50-day simple moving average is $15.37 and its 200-day simple moving average is $13.04. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $16.71.

Seabridge Gold (NYSE:SAGet Free Report) (TSE:SEA) last issued its quarterly earnings data on Monday, May 13th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). As a group, equities analysts anticipate that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal year.

Seabridge Gold Profile

(Free Report)

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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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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