Nations Financial Group Inc. IA ADV Acquires 30,440 Shares of Seabridge Gold, Inc. $SA

Nations Financial Group Inc. IA ADV grew its holdings in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 327,367 shares of the basic materials company’s stock after buying an additional 30,440 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Seabridge Gold were worth $7,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SA. Baird Financial Group Inc. bought a new stake in Seabridge Gold in the first quarter valued at $122,000. Royal Bank of Canada lifted its position in shares of Seabridge Gold by 125.3% in the 1st quarter. Royal Bank of Canada now owns 46,327 shares of the basic materials company’s stock worth $541,000 after purchasing an additional 25,769 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Seabridge Gold by 10.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,870 shares of the basic materials company’s stock valued at $439,000 after purchasing an additional 2,685 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Seabridge Gold during the second quarter valued at about $160,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Seabridge Gold during the second quarter valued at about $26,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

Shares of NYSE SA opened at $30.87 on Friday. The company has a 50 day simple moving average of $28.60 and a two-hundred day simple moving average of $22.59. Seabridge Gold, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $32.52. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -81.24 and a beta of 0.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.99 and a current ratio of 2.99.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Wednesday, November 12th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.20).

Analysts Set New Price Targets

Several analysts have commented on SA shares. Zacks Research upgraded shares of Seabridge Gold from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Seabridge Gold in a research note on Monday, December 29th. Wall Street Zen lowered Seabridge Gold from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Finally, B. Riley upped their price target on Seabridge Gold from $50.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $65.00.

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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.