Dimensional Fund Advisors LP lessened its holdings in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,724 shares of the basic materials company's stock after selling 38,731 shares during the period. Dimensional Fund Advisors LP owned approximately 0.45% of Seabridge Gold worth $5,418,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Seabridge Gold in the first quarter valued at about $30,000. Mather Group LLC. acquired a new position in shares of Seabridge Gold in the 2nd quarter worth approximately $40,000. Creekmur Asset Management LLC bought a new stake in Seabridge Gold during the 4th quarter worth approximately $50,000. Perkins Coie Trust Co acquired a new stake in Seabridge Gold during the 2nd quarter valued at $93,000. Finally, Banque Cantonale Vaudoise raised its position in Seabridge Gold by 33.4% in the 2nd quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company's stock valued at $102,000 after purchasing an additional 1,871 shares during the last quarter. Institutional investors own 34.85% of the company's stock.
Seabridge Gold Price Performance
NYSE:SA traded up $0.14 during mid-day trading on Wednesday, reaching $16.83. 464,727 shares of the company were exchanged, compared to its average volume of 364,857. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $18.99. The stock has a market cap of $1.51 billion, a PE ratio of -46.75 and a beta of 1.14. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $16.98 and a 200 day moving average of $15.70.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.34. On average, research analysts anticipate that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Seabridge Gold to a "sell" rating in a report on Monday, August 19th.
View Our Latest Stock Analysis on Seabridge Gold
Seabridge Gold Company Profile
(
Free Report)
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.
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