Nations Financial Group Inc. IA ADV Has $2.43 Million Stake in Seabridge Gold Inc. (NYSE:SA)

Nations Financial Group Inc. IA ADV raised its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 68.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 200,485 shares of the basic materials company’s stock after buying an additional 81,685 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Seabridge Gold were worth $2,432,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC grew its holdings 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 acquiring an additional 1,020 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Seabridge Gold by 6.6% in the fourth quarter. SG Americas Securities LLC now owns 27,431 shares of the basic materials company’s stock valued at $333,000 after acquiring an additional 1,693 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Seabridge Gold by 0.5% in the third quarter. Alps Advisors Inc. now owns 330,210 shares of the basic materials company’s stock valued at $3,484,000 after acquiring an additional 1,700 shares in the last quarter. Swiss National Bank grew its holdings in shares of Seabridge Gold by 2.0% in the third quarter. Swiss National Bank now owns 155,400 shares of the basic materials company’s stock valued at $1,648,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Stansberry Asset Management LLC grew its holdings in shares of Seabridge Gold by 43.5% in the third quarter. Stansberry Asset Management LLC now owns 21,809 shares of the basic materials company’s stock valued at $230,000 after acquiring an additional 6,608 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of SA stock traded up $0.37 during trading on Friday, hitting $14.76. The company’s stock had a trading volume of 300,977 shares, compared to its average volume of 583,960. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week high of $16.71. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.83. The business has a fifty day moving average of $15.00 and a 200-day moving average of $12.76. The company has a market cap of $1.29 billion, a PE ratio of -41.00 and a beta of 1.11.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Wednesday, March 27th. The basic materials company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.29). As a group, research analysts anticipate that Seabridge Gold Inc. will post 0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Seabridge Gold

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.