Seabridge Gold, Inc. $SA Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV cut its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 310,617 shares of the basic materials company’s stock after selling 16,750 shares during the period. Nations Financial Group Inc. IA ADV owned 0.29% of Seabridge Gold worth $9,191,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Baird Financial Group Inc. acquired a new position in shares of Seabridge Gold during the first quarter worth $122,000. Royal Bank of Canada increased its stake in shares of Seabridge Gold by 125.3% during the 1st quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company’s stock worth $541,000 after purchasing an additional 25,769 shares in the last quarter. Geode Capital Management LLC boosted its position in Seabridge Gold by 9.8% during the second quarter. Geode Capital Management LLC now owns 44,686 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 3,982 shares during the last quarter. Marshall Wace LLP boosted its position in Seabridge Gold by 11.4% during the second quarter. Marshall Wace LLP now owns 541,886 shares of the basic materials company’s stock worth $7,868,000 after acquiring an additional 55,262 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its holdings in shares of Seabridge Gold by 36.4% in the 2nd quarter. Nebula Research & Development LLC now owns 27,657 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 7,374 shares during the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SA. Zacks Research downgraded shares of Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $65.00.

Seabridge Gold Trading Down 2.0%

Shares of NYSE:SA opened at $31.10 on Thursday. The company has a 50 day moving average of $31.79 and a 200-day moving average of $29.17. The firm has a market cap of $3.35 billion, a P/E ratio of -86.38 and a beta of 0.92. Seabridge Gold, Inc. has a twelve month low of $11.12 and a twelve month high of $40.06. The company has a current ratio of 5.24, a quick ratio of 5.24 and a debt-to-equity ratio of 0.53.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its earnings results on Thursday, March 26th. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.27).

About Seabridge Gold

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.