Strait & Sound Wealth Management LLC Increases Stock Position in Seabridge Gold, Inc. $SA

Strait & Sound Wealth Management LLC raised its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,753 shares of the basic materials company’s stock after buying an additional 2,975 shares during the period. Seabridge Gold comprises about 0.8% of Strait & Sound Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Strait & Sound Wealth Management LLC’s holdings in Seabridge Gold were worth $1,913,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in Seabridge Gold by 20.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 51,020 shares of the basic materials company’s stock valued at $595,000 after buying an additional 8,732 shares during the period. Amundi boosted its position in Seabridge Gold by 30.3% during the 1st quarter. Amundi now owns 845,655 shares of the basic materials company’s stock valued at $9,370,000 after buying an additional 196,687 shares during the period. Krilogy Financial LLC purchased a new stake in Seabridge Gold during the 2nd quarter valued at $2,006,000. TD Asset Management Inc lifted its position in shares of Seabridge Gold by 11.5% in the 2nd quarter. TD Asset Management Inc now owns 248,111 shares of the basic materials company’s stock worth $3,595,000 after purchasing an additional 25,676 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Seabridge Gold in the 1st quarter worth about $344,000. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SA. Zacks Research raised shares of Seabridge Gold to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Seabridge Gold in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Seabridge Gold Trading Down 0.1%

Shares of NYSE SA opened at $23.49 on Friday. Seabridge Gold, Inc. has a 1 year low of $9.40 and a 1 year high of $29.31. The stock has a market cap of $2.41 billion, a P/E ratio of -61.82 and a beta of 0.76. The firm has a 50-day moving average of $21.04 and a 200 day moving average of $16.44. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.24 and a quick ratio of 4.24.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Wednesday, August 13th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter.

Seabridge Gold 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.