Old West Investment Management LLC Buys 2,330 Shares of Seabridge Gold Inc. (NYSE:SA)

Old West Investment Management LLC lifted its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,858 shares of the basic materials company’s stock after buying an additional 2,330 shares during the quarter. Old West Investment Management LLC’s holdings in Seabridge Gold were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Oxbow Advisors LLC bought a new position in Seabridge Gold in the second quarter worth $141,000. TD Asset Management Inc increased its stake in shares of Seabridge Gold by 3.0% in the 2nd quarter. TD Asset Management Inc now owns 125,697 shares of the basic materials company’s stock worth $1,718,000 after acquiring an additional 3,700 shares in the last quarter. New Harbor Financial Group LLC bought a new stake in Seabridge Gold during the second quarter worth about $371,000. CIBC Asset Management Inc grew its holdings in Seabridge Gold by 10.7% in the second quarter. CIBC Asset Management Inc now owns 90,642 shares of the basic materials company’s stock worth $1,238,000 after purchasing an additional 8,796 shares during the period. Finally, WR Wealth Planners LLC increased its stake in shares of Seabridge Gold by 4.1% during the second quarter. WR Wealth Planners LLC now owns 50,880 shares of the basic materials company’s stock valued at $697,000 after purchasing an additional 2,000 shares in the last quarter. 34.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $17.63 on Tuesday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -48.97 and a beta of 1.13. 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 Inc. has a 1 year low of $9.31 and a 1 year high of $18.99. The firm’s 50-day moving average is $16.26 and its 200 day moving average is $15.20.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.34. Sell-side analysts anticipate that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

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.