Seabridge Gold (SA) Rating Lowered to Sell at ValuEngine

ValuEngine lowered shares of Seabridge Gold (NYSE:SA) (TSE:SEA) from a hold rating to a sell rating in a research report released on Tuesday.

Shares of Seabridge Gold (NYSE:SA) opened at $11.65 on Tuesday. Seabridge Gold has a 1 year low of $9.22 and a 1 year high of $13.70. The firm has a market capitalization of $669.07, a P/E ratio of -105.91 and a beta of -0.20.

A number of institutional investors have recently bought and sold shares of SA. Swiss National Bank lifted its position in Seabridge Gold by 11.9% during the 2nd quarter. Swiss National Bank now owns 70,500 shares of the basic materials company’s stock worth $759,000 after acquiring an additional 7,500 shares during the period. Royal Bank of Canada lifted its position in Seabridge Gold by 36.4% during the 2nd quarter. Royal Bank of Canada now owns 34,146 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 9,121 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Seabridge Gold by 1.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 69,626 shares of the basic materials company’s stock worth $752,000 after acquiring an additional 1,000 shares during the period. Paulson & CO. Inc. acquired a new stake in Seabridge Gold during the 2nd quarter worth approximately $7,560,000. Finally, Essex Investment Management Co. LLC lifted its position in Seabridge Gold by 258.7% during the 3rd quarter. Essex Investment Management Co. LLC now owns 200,147 shares of the basic materials company’s stock worth $2,442,000 after acquiring an additional 144,347 shares during the period. 28.05% of the stock is owned by institutional investors.

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About Seabridge Gold

Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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