Toronto Dominion Bank Makes New Investment in Seabridge Gold Inc. (NYSE:SA)

Toronto Dominion Bank bought a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,002,194 shares of the basic materials company’s stock, valued at approximately $13,720,000.

A number of other large investors have also recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in Seabridge Gold during the first quarter worth about $30,000. Mather Group LLC. acquired a new stake in shares of Seabridge Gold during the 2nd quarter worth $40,000. Creekmur Asset Management LLC purchased a new position in shares of Seabridge Gold in the 4th quarter worth $50,000. Perkins Coie Trust Co acquired a new position in shares of Seabridge Gold in the 2nd quarter valued at about $93,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Seabridge Gold by 33.4% during the 2nd quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 1,871 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Analyst Ratings Changes

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

Seabridge Gold Stock Down 3.0 %

Shares of Seabridge Gold stock opened at $17.22 on Friday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $18.99. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -47.83 and a beta of 1.13. The company has a fifty day moving average price of $16.79 and a 200 day moving average price of $15.48.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.34. Equities research analysts forecast that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal year.

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.