Van Den Berg Management I Inc. Sells 35,593 Shares of Seabridge Gold, Inc. $SA

Van Den Berg Management I Inc. cut its holdings in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 707,390 shares of the basic materials company’s stock after selling 35,593 shares during the quarter. Seabridge Gold makes up approximately 4.8% of Van Den Berg Management I Inc.’s holdings, making the stock its 3rd biggest holding. Van Den Berg Management I Inc.’s holdings in Seabridge Gold were worth $20,932,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SA. Financial Gravity Asset Management Inc. acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at about $30,000. Caitlin John LLC acquired a new stake in shares of Seabridge Gold during the third quarter valued at about $31,000. Federation des caisses Desjardins du Quebec boosted its stake in shares of Seabridge Gold by 77.5% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 465 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Seabridge Gold during the fourth quarter valued at about $39,000. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Price Performance

Shares of SA opened at $31.24 on Wednesday. Seabridge Gold, Inc. has a 1 year low of $24.73 and a 1 year high of $32.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 6.71 and a quick ratio of 6.71. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of -64.54 and a beta of 0.89. The business has a 50-day moving average of $30.67 and a 200-day moving average of $31.02.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). As a group, equities research analysts anticipate that Seabridge Gold, Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

SA has been the topic of a number of recent research reports. Wall Street Zen raised Seabridge Gold from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered Seabridge Gold from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Seabridge Gold in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $65.00.

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