Seabridge Gold Inc. (NYSE:SA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,519,867 shares of the basic materials company’s stock after selling 4,824 shares during the quarter. National Bank of Canada FI owned about 0.05% of Seabridge Gold worth $53,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. David R. Rahn & Associates Inc. acquired a new stake in shares of Seabridge Gold in the third quarter valued at about $109,000. CWM LLC raised its position in shares of Seabridge Gold by 10.5% in the fourth quarter. CWM LLC now owns 10,725 shares of the basic materials company’s stock valued at $130,000 after buying an additional 1,020 shares during the last quarter. Euro Pacific Asset Management LLC acquired a new stake in shares of Seabridge Gold in the third quarter valued at about $143,000. Everett Harris & Co. CA acquired a new stake in shares of Seabridge Gold in the fourth quarter valued at about $158,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Seabridge Gold by 308.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,440 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 10,150 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Stock Performance

Shares of SA traded up $0.37 during trading on Monday, reaching $15.24. 167,888 shares of the company traded hands, compared to its average volume of 545,421. The stock has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $12.38. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.38 and a quick ratio of 2.38. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $16.71.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Wednesday, March 27th. The basic materials company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.29). Equities analysts predict that Seabridge Gold Inc. will post 0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday, April 1st.

Seabridge Gold Company 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.