Swiss National Bank Buys 4,200 Shares of Seabridge Gold Inc. (NYSE:SA)

Swiss National Bank increased its holdings in Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,500 shares of the basic materials company’s stock after purchasing an additional 4,200 shares during the quarter. Swiss National Bank owned approximately 0.19% of Seabridge Gold worth $1,977,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Seabridge Gold by 14.4% in the first quarter. Royal Bank of Canada now owns 6,744 shares of the basic materials company’s stock worth $125,000 after purchasing an additional 849 shares during the last quarter. Credit Suisse AG lifted its holdings in Seabridge Gold by 1.9% in the third quarter. Credit Suisse AG now owns 49,310 shares of the basic materials company’s stock valued at $585,000 after buying an additional 936 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Seabridge Gold by 3.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 27,233 shares of the basic materials company’s stock valued at $323,000 after buying an additional 981 shares during the period. Legal & General Group Plc lifted its holdings in Seabridge Gold by 10.3% in the second quarter. Legal & General Group Plc now owns 10,565 shares of the basic materials company’s stock valued at $131,000 after buying an additional 986 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Seabridge Gold by 5.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company’s stock valued at $447,000 after buying an additional 1,175 shares during the period. Institutional investors own 29.36% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Seabridge Gold in a report on Thursday, March 16th. They issued a “sell” rating on the stock.

Seabridge Gold Price Performance

Shares of NYSE SA opened at $13.35 on Friday. The firm’s 50-day moving average price is $13.70 and its 200-day moving average price is $12.77. Seabridge Gold Inc. has a 1-year low of $10.03 and a 1-year high of $16.18. The firm has a market capitalization of $1.10 billion, a P/E ratio of -148.32 and a beta of 0.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.

Seabridge Gold (NYSE:SA – Get Rating) (TSE:SEA) last announced its quarterly earnings data on Thursday, March 30th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). Equities research analysts anticipate that Seabridge Gold Inc. will post -0.24 earnings per share for the current fiscal year.

About Seabridge Gold

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Seabridge Gold, Inc engages in the business of acquisition and exploration of gold properties. Its projects include Kerr-Sulphurets-Mitchell, Courageous Lake, 3 Aces, Iskut, Snowstorm, and Non-Core Assets properties. The company was founded by James S. Anthony and Rudi P. Fronk on September 14, 1979 and is headquartered in Toronto, Canada.