Bank of Montreal Can Grows Position in Seabridge Gold Inc. (NYSE:SA)

Bank of Montreal Can raised its position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,815 shares of the basic materials company’s stock after acquiring an additional 7,092 shares during the period. Bank of Montreal Can owned approximately 0.46% of Seabridge Gold worth $5,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC bought a new stake in Seabridge Gold during the first quarter worth approximately $17,419,000. Van ECK Associates Corp boosted its stake in Seabridge Gold by 5.1% during the first quarter. Van ECK Associates Corp now owns 3,680,468 shares of the basic materials company’s stock worth $55,649,000 after buying an additional 178,672 shares during the period. Ontario Teachers Pension Plan Board increased its position in Seabridge Gold by 31.4% during the first quarter. Ontario Teachers Pension Plan Board now owns 713,989 shares of the basic materials company’s stock valued at $10,800,000 after acquiring an additional 170,796 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Seabridge Gold in the first quarter valued at $712,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Seabridge Gold during the 1st quarter worth about $565,000. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Stock Performance

SA stock opened at $16.79 on Tuesday. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $18.99. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -46.64 and a beta of 1.13. The business’s fifty day simple moving average is $16.84 and its two-hundred day simple moving average is $15.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.03 by $0.34. Analysts predict that Seabridge Gold Inc. will post 0.1 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

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.