Nations Financial Group Inc. IA ADV Reduces Stock Position in Seabridge Gold, Inc. $SA

Nations Financial Group Inc. IA ADV cut its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 14.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 265,814 shares of the basic materials company’s stock after selling 44,803 shares during the quarter. Nations Financial Group Inc. IA ADV owned 0.25% of Seabridge Gold worth $7,533,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Seabridge Gold during the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC purchased a new position in Seabridge Gold during the fourth quarter worth $30,000. Caitlin John LLC purchased a new position in Seabridge Gold during the third quarter worth $31,000. Federation des caisses Desjardins du Quebec increased its position in Seabridge Gold by 77.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after buying an additional 465 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Seabridge Gold in the fourth quarter worth $39,000. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Stock Down 0.1%

Shares of NYSE:SA opened at $29.62 on Friday. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -61.20 and a beta of 0.89. The stock’s 50-day moving average price is $30.60 and its two-hundred day moving average price is $31.05. Seabridge Gold, Inc. has a 12-month low of $24.73 and a 12-month high of $33.04.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). On average, research analysts forecast that Seabridge Gold, Inc. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $65.00.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.