Uniting Wealth Partners LLC Invests $399,000 in Seabridge Gold, Inc. $SA

Uniting Wealth Partners LLC acquired a new stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,500 shares of the basic materials company’s stock, valued at approximately $399,000.

A number of other institutional investors have also recently bought and sold shares of SA. Financial Gravity Asset Management Inc. bought a new position in Seabridge Gold during the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC bought a new stake in Seabridge Gold in the fourth quarter valued at approximately $30,000. Federation des caisses Desjardins du Quebec raised its holdings in Seabridge Gold by 77.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,065 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 465 shares during the period. Banque Cantonale Vaudoise acquired a new stake in Seabridge Gold in the fourth quarter worth $39,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Seabridge Gold by 274.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,706 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on SA shares. Weiss Ratings upgraded shares of Seabridge Gold from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 4th. B. Riley Financial assumed coverage on Seabridge Gold in a report on Monday, August 3rd. They set a “buy” rating and a $40.00 target price on the stock. Finally, Wall Street Zen upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $40.00.

Seabridge Gold Stock Performance

Shares of SA opened at $33.44 on Monday. The firm has a market cap of $3.60 billion, a P/E ratio of -69.09 and a beta of 0.89. Seabridge Gold, Inc. has a twelve month low of $23.69 and a twelve month high of $34.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 6.71 and a current ratio of 6.71. The firm’s 50 day moving average price is $27.47 and its two-hundred day moving average price is $30.04.

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