Formidable Asset Management LLC Cuts Stock Holdings in Seabridge Gold Inc. (NYSE:SA)

Formidable Asset Management LLC reduced its stake in Seabridge Gold Inc. (NYSE:SAFree Report) (TSE:SEA) by 10.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,000 shares of the basic materials company’s stock after selling 1,550 shares during the quarter. Formidable Asset Management LLC’s holdings in Seabridge Gold were worth $170,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Van ECK Associates Corp raised its holdings in shares of Seabridge Gold by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 3,501,796 shares of the basic materials company’s stock valued at $42,477,000 after purchasing an additional 114,331 shares during the last quarter. Sprott Inc. increased its stake in Seabridge Gold by 8.0% in the 3rd quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock valued at $18,457,000 after buying an additional 128,323 shares during the last quarter. Raymond James & Associates lifted its position in shares of Seabridge Gold by 21.6% during the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock worth $9,777,000 after buying an additional 143,321 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Seabridge Gold by 97.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 354,097 shares of the basic materials company’s stock worth $3,723,000 after buying an additional 175,161 shares during the last quarter. Finally, Alps Advisors Inc. grew its holdings in shares of Seabridge Gold by 0.5% in the third quarter. Alps Advisors Inc. now owns 330,210 shares of the basic materials company’s stock valued at $3,484,000 after acquiring an additional 1,700 shares in the last quarter. 34.85% of the stock is currently owned by institutional investors.

Seabridge Gold Trading Down 0.5 %

SA traded down $0.07 during midday trading on Monday, reaching $15.18. The company had a trading volume of 246,665 shares, compared to its average volume of 539,454. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $16.71. The business has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $12.52. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.79.

Seabridge Gold (NYSE:SAGet Free Report) (TSE:SEA) last posted its quarterly earnings data on Wednesday, March 27th. The basic materials company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). On average, sell-side analysts forecast that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.

Get Our Latest Research Report 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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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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