Healthcare of Ontario Pension Plan Trust Fund Acquires New Holdings in Seabridge Gold, Inc. $SA

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 23,007 shares of the basic materials company’s stock, valued at approximately $652,000.

Several other institutional investors have also bought and sold shares of SA. Public Employees Retirement System of Ohio lifted its stake in shares of Seabridge Gold by 1.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 22,708 shares of the basic materials company’s stock worth $642,000 after acquiring an additional 345 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of Seabridge Gold by 77.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 465 shares during the period. Signaturefd LLC boosted its holdings in shares of Seabridge Gold by 20.2% in the fourth quarter. Signaturefd LLC now owns 2,992 shares of the basic materials company’s stock worth $89,000 after buying an additional 502 shares during the period. Pictet Asset Management Holding SA boosted its stake in Seabridge Gold by 3.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,064 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 522 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Seabridge Gold by 2.9% in the first quarter. SG Americas Securities LLC now owns 28,926 shares of the basic materials company’s stock worth $820,000 after buying an additional 803 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SA shares. Wall Street Zen raised shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Zacks Research lowered Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of Seabridge Gold from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $65.00.

Seabridge Gold Trading Down 0.1%

Shares of SA stock opened at $25.78 on Monday. Seabridge Gold, Inc. has a 52-week low of $23.69 and a 52-week high of $33.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. The firm has a fifty day moving average of $27.88 and a 200-day moving average of $30.21. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -53.27 and a beta of 0.89.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Wednesday, May 13th. The basic materials company reported ($0.04) EPS for the quarter, meeting the consensus estimate of ($0.04). On average, equities research analysts forecast that Seabridge Gold, Inc. will post -0.17 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. Seabridge Gold Inc was incorporated in 1979 and is based in Toronto, Canada.