GPS Wealth Strategies Group LLC Sells 29,970 Shares of Seabridge Gold, Inc. $SA

GPS Wealth Strategies Group LLC cut its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 73.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,780 shares of the basic materials company’s stock after selling 29,970 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Seabridge Gold were worth $157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SA. Amundi raised its position in shares of Seabridge Gold by 30.3% in the 1st quarter. Amundi now owns 845,655 shares of the basic materials company’s stock worth $9,370,000 after acquiring an additional 196,687 shares in the last quarter. Krilogy Financial LLC purchased a new stake in Seabridge Gold in the second quarter worth $2,006,000. TD Asset Management Inc raised its holdings in Seabridge Gold by 11.5% in the second quarter. TD Asset Management Inc now owns 248,111 shares of the basic materials company’s stock worth $3,595,000 after purchasing an additional 25,676 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Seabridge Gold in the first quarter worth $344,000. Finally, Bessemer Group Inc. purchased a new position in Seabridge Gold during the second quarter valued at $290,000. 34.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SA shares. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research report on Tuesday, September 16th. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seabridge Gold in a research note on Friday, October 31st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Seabridge Gold Stock Performance

Shares of SA stock opened at $22.34 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 4.24 and a current ratio of 4.24. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -58.79 and a beta of 0.77. Seabridge Gold, Inc. has a one year low of $9.40 and a one year high of $29.31. The company’s 50-day moving average is $22.20 and its 200 day moving average is $17.13.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter.

Seabridge Gold Company 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.