Assenagon Asset Management S.A. Buys New Position in Seabridge Gold Inc. (NYSE:SA)

Assenagon Asset Management S.A. bought a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the 3rd quarter, Holdings Channel.com reports. The firm bought 14,054 shares of the basic materials company’s stock, valued at approximately $236,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Seabridge Gold during the 3rd quarter worth about $596,000. Searle & CO. bought a new stake in Seabridge Gold during the third quarter worth about $201,000. Signaturefd LLC boosted its position in Seabridge Gold by 66.9% during 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. Raymond James & Associates grew its stake in Seabridge Gold by 0.4% in the third quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company’s stock valued at $14,543,000 after purchasing an additional 3,464 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Seabridge Gold by 735.6% during the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Seabridge Gold Stock Performance

Shares of SA opened at $17.11 on Monday. The company has a market cap of $1.55 billion, a PE ratio of -244.43 and a beta of 1.13. The firm has a 50-day moving average of $17.49 and a 200-day moving average of $16.03. Seabridge Gold Inc. has a one year low of $9.31 and a one year high of $20.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.11 and a quick ratio of 2.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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.