UBS Group AG Decreases Stock Holdings in Seabridge Gold, Inc. $SA

UBS Group AG decreased its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,085 shares of the basic materials company’s stock after selling 34,084 shares during the period. UBS Group AG’s holdings in Seabridge Gold were worth $6,276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitlin John LLC bought a new position in shares of Seabridge Gold during the 3rd quarter valued at $31,000. MassMutual Private Wealth & Trust FSB bought a new position in Seabridge Gold in the fourth quarter valued at about $58,000. Northwestern Mutual Wealth Management Co. bought a new position in Seabridge Gold in the third quarter valued at about $72,000. Farther Finance Advisors LLC lifted its holdings in Seabridge Gold by 1,703.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,760 shares of the basic materials company’s stock valued at $82,000 after acquiring an additional 2,607 shares during the period. Finally, Halbert Hargrove Global Advisors LLC bought a new position in Seabridge Gold in the fourth quarter valued at about $89,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Down 4.5%

NYSE SA opened at $27.53 on Wednesday. The stock’s 50-day moving average price is $29.98 and its 200-day moving average price is $30.08. The company has a quick ratio of 6.71, a current ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold, Inc. has a 52 week low of $11.60 and a 52 week high of $40.06. The company has a market capitalization of $2.96 billion, a P/E ratio of -56.88 and a beta of 0.83.

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, hitting the consensus estimate of ($0.04). On average, equities research analysts predict that Seabridge Gold, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SA. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a report on Friday, March 27th. Finally, Zacks Research downgraded Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price 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.