8,000 Shares in Seabridge Gold Inc. (NYSE:SA) Acquired by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC acquired a new position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,000 shares of the basic materials company’s stock, valued at approximately $121,000.

A number of other hedge funds have also recently made changes to their positions in SA. Confluence Investment Management LLC acquired a new stake in Seabridge Gold during the 1st quarter worth approximately $565,000. Creekmur Asset Management LLC acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at $50,000. Old West Investment Management LLC raised its holdings in shares of Seabridge Gold by 59.8% in the 4th quarter. Old West Investment Management LLC now owns 64,932 shares of the basic materials company’s stock valued at $788,000 after purchasing an additional 24,286 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Seabridge Gold by 4.3% in the 4th quarter. CIBC Asset Management Inc now owns 68,764 shares of the basic materials company’s stock valued at $836,000 after purchasing an additional 2,864 shares in the last quarter. Finally, Kopernik Global Investors LLC raised its holdings in shares of Seabridge Gold by 16.9% in the 4th quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock valued at $38,686,000 after purchasing an additional 460,895 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

Shares of SA opened at $13.82 on Thursday. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $16.71. The firm’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $13.28. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.19 and a current ratio of 3.19.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.10). As a group, equities research analysts expect that Seabridge Gold Inc. will post 0.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.