Sanctuary Advisors LLC Acquires Shares of 17,985 Seabridge Gold, Inc. $SA

Sanctuary Advisors LLC purchased a new stake in Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) during the second quarter, HoldingsChannel.com reports. The firm purchased 17,985 shares of the basic materials company’s stock, valued at approximately $463,000.

Several other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Seabridge Gold by 18.3% during the first quarter. Royal Bank of Canada now owns 313,637 shares of the basic materials company’s stock worth $8,888,000 after acquiring an additional 48,445 shares during the period. Deutsche Bank AG bought a new stake in Seabridge Gold during the second quarter worth $12,685,000. PKO Investment Management Joint Stock Co acquired a new stake in shares of Seabridge Gold in the 4th quarter valued at approximately $1,336,000. Renaissance Technologies LLC bought a new position in Seabridge Gold in the 1st quarter valued at approximately $8,238,000. Finally, Kopernik Global Investors LLC lifted its stake in shares of Seabridge Gold by 5.1% in the 1st quarter. Kopernik Global Investors LLC now owns 7,332,863 shares of the basic materials company’s stock valued at $207,813,000 after acquiring an additional 353,252 shares during the last quarter.

Seabridge Gold Trading Down 4.7%

NYSE SA opened at $32.46 on Friday. Seabridge Gold, Inc. has a 1 year low of $23.69 and a 1 year high of $35.12. The company has a fifty day moving average price of $28.31 and a 200-day moving average price of $30.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. B. Riley Financial initiated coverage on Seabridge Gold in a research note on Monday, August 3rd. They issued a “buy” rating and a $40.00 price target on the stock. Finally, Weiss Ratings upgraded Seabridge Gold from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Seabridge Gold has an average rating of “Reduce” and an average price target of $40.00.

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.