RB Capital Management LLC boosted its position in shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,359 shares of the basic materials company’s stock after acquiring an additional 4,070 shares during the quarter. RB Capital Management LLC owned 0.14% of Seabridge Gold worth $1,195,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Seabridge Gold by 10.5% in the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after buying an additional 116,420 shares in the last quarter. Raymond James & Associates increased its position in Seabridge Gold by 57.0% in the first quarter. Raymond James & Associates now owns 127,514 shares of the basic materials company’s stock worth $1,580,000 after buying an additional 46,320 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Seabridge Gold by 102.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,600 shares of the basic materials company’s stock worth $1,089,000 after buying an additional 44,400 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Seabridge Gold in the first quarter worth about $217,000. Finally, Two Sigma Advisers LP purchased a new stake in Seabridge Gold in the fourth quarter worth about $173,000. Institutional investors own 24.08% of the company’s stock.
SA traded up $0.96 during midday trading on Friday, reaching $15.16. The company had a trading volume of 679,738 shares, compared to its average volume of 549,993. The business has a 50-day moving average of $14.10 and a two-hundred day moving average of $13.00. Seabridge Gold Inc has a 1 year low of $10.45 and a 1 year high of $15.74.
A number of analysts have commented on SA shares. Zacks Investment Research upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. B. Riley started coverage on Seabridge Gold in a research report on Tuesday, April 30th. They issued a “buy” rating and a $22.00 price target for the company. Canaccord Genuity restated a “buy” rating on shares of Seabridge Gold in a research report on Friday, July 19th. Finally, ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 3rd.
Seabridge Gold Profile
Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.
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