St. Johns Investment Management Company LLC Takes $52,000 Position in Seabridge Gold Inc (SA)

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St. Johns Investment Management Company LLC purchased a new stake in shares of Seabridge Gold Inc (NYSE:SA) (TSE:SEA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,935 shares of the basic materials company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Northern Trust Corp bought a new position in shares of Seabridge Gold during the second quarter valued at approximately $256,000. Russell Investments Group Ltd. raised its stake in Seabridge Gold by 6.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,165,617 shares of the basic materials company’s stock worth $14,924,000 after buying an additional 72,365 shares during the period. JPMorgan Chase & Co. bought a new stake in Seabridge Gold during the 3rd quarter worth approximately $1,550,000. Toronto Dominion Bank increased its holdings in Seabridge Gold by 26.2% during the 3rd quarter. Toronto Dominion Bank now owns 888,900 shares of the basic materials company’s stock worth $11,498,000 after purchasing an additional 184,557 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Seabridge Gold during the 3rd quarter worth approximately $691,000. 25.35% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on SA. Zacks Investment Research raised Seabridge Gold from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, December 18th. ValuEngine upgraded Seabridge Gold from a “hold” rating to a “buy” rating in a research report on Friday, January 4th.

Shares of NYSE:SA traded down $0.14 during trading on Monday, hitting $13.52. 263 shares of the company were exchanged, compared to its average volume of 307,575. The company has a market cap of $835.58 million, a P/E ratio of -97.57 and a beta of 0.12. Seabridge Gold Inc has a 52-week low of $10.20 and a 52-week high of $15.30.

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Seabridge Gold Company Profile

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

Further Reading: Coverage Ratio

Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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