Integrated Advisors Network LLC Purchases Shares of 22,100 Seabridge Gold Inc. (NYSE:SA)

Integrated Advisors Network LLC purchased a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the third quarter, HoldingsChannel.com reports. The fund purchased 22,100 shares of the basic materials company’s stock, valued at approximately $371,000.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Seabridge Gold in the third quarter valued at approximately $442,000. Assenagon Asset Management S.A. acquired a new stake in shares of Seabridge Gold in the third quarter valued at approximately $236,000. International Assets Investment Management LLC acquired a new stake in shares of Seabridge Gold in the third quarter valued at approximately $596,000. Searle & CO. acquired a new stake in shares of Seabridge Gold in the third quarter valued at approximately $201,000. Finally, Signaturefd LLC raised its holdings in shares of Seabridge Gold by 66.9% in the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,112 shares during the last quarter. Institutional investors own 34.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

Seabridge Gold Price Performance

Shares of SA opened at $17.12 on Friday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -244.43 and a beta of 1.14. Seabridge Gold Inc. has a 1-year low of $9.31 and a 1-year high of $20.55. The company’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $16.01. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.34.

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.