Integrated Advisors Network LLC Invests $371,000 in Seabridge Gold Inc. (NYSE:SA)

Integrated Advisors Network LLC purchased a new position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 22,100 shares of the basic materials company’s stock, valued at approximately $371,000.

Several other hedge funds also recently modified their holdings of the business. Tidal Investments LLC bought a new stake in shares of Seabridge Gold during the 1st quarter worth $17,419,000. Toronto Dominion Bank bought a new stake in shares of Seabridge Gold during the 2nd quarter worth $13,720,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Seabridge Gold by 31.4% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 713,989 shares of the basic materials company’s stock worth $10,800,000 after buying an additional 170,796 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of Seabridge Gold during the 1st quarter worth $712,000. Finally, Van ECK Associates Corp boosted its holdings in Seabridge Gold by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company’s stock valued at $50,898,000 after purchasing an additional 37,403 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Price Performance

NYSE:SA opened at $17.12 on Friday. The company has a 50-day moving average of $17.52 and a 200-day moving average of $16.01. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -244.43 and a beta of 1.14. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week high of $20.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.11 and a current ratio of 2.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.34.

Wall Street Analysts Forecast Growth

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

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.