Dimensional Fund Advisors LP Decreases Position in Seabridge Gold, Inc. $SA

Dimensional Fund Advisors LP lessened its stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 8.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 443,268 shares of the basic materials company’s stock after selling 41,226 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Seabridge Gold were worth $12,549,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in Seabridge Gold in the fourth quarter worth $30,000. Smartleaf Asset Management LLC bought a new stake in shares of Seabridge Gold in the fourth quarter valued at $30,000. Federation des caisses Desjardins du Quebec lifted its position in shares of Seabridge Gold by 77.5% during 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 buying an additional 465 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $39,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Seabridge Gold by 274.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,706 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 1,250 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Trading Up 7.5%

Shares of Seabridge Gold stock opened at $31.17 on Friday. The company’s 50-day moving average price is $27.57 and its 200-day moving average price is $30.13. The company has a current ratio of 6.71, a quick ratio of 6.71 and a debt-to-equity ratio of 0.46. Seabridge Gold, Inc. has a 12-month low of $23.69 and a 12-month high of $33.04. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -64.40 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 analysts expect that Seabridge Gold, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SA shares. Zacks Research lowered Seabridge Gold from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 14th. Wall Street Zen raised shares of Seabridge Gold from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Seabridge Gold from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, B. Riley Financial started coverage on shares of Seabridge Gold in a research report on Monday, August 3rd. They set a “buy” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Seabridge Gold has a consensus rating of “Reduce” and a consensus target price of $40.00.

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