Penbrook Management LLC Buys 2,750 Shares of Seabridge Gold Inc (NYSE:SA)

Penbrook Management LLC raised its stake in Seabridge Gold Inc (NYSE:SA) (TSE:SEA) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,880 shares of the basic materials company’s stock after purchasing an additional 2,750 shares during the period. Penbrook Management LLC’s holdings in Seabridge Gold were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James & Associates increased its position in shares of Seabridge Gold by 57.0% during the first quarter. Raymond James & Associates now owns 127,514 shares of the basic materials company’s stock worth $1,580,000 after acquiring an additional 46,320 shares in the last quarter. Marshall Wace LLP increased its position in shares of Seabridge Gold by 42,300.0% during the first quarter. Marshall Wace LLP now owns 9,328 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 9,306 shares in the last quarter. FMR LLC increased its position in shares of Seabridge Gold by 10.5% during the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after acquiring an additional 116,420 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Seabridge Gold by 41.9% during the second quarter. Commonwealth Equity Services LLC now owns 17,067 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 5,038 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in shares of Seabridge Gold by 6.5% during the second quarter. Confluence Investment Management LLC now owns 12,984 shares of the basic materials company’s stock worth $176,000 after acquiring an additional 795 shares in the last quarter. 23.83% of the stock is owned by hedge funds and other institutional investors.

Shares of SA stock opened at $12.30 on Friday. Seabridge Gold Inc has a 52-week low of $10.95 and a 52-week high of $16.55. The company has a 50-day simple moving average of $14.11 and a two-hundred day simple moving average of $13.04.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Tuesday, August 13th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. On average, equities analysts expect that Seabridge Gold Inc will post -0.07 EPS for the current year.

SA has been the subject of a number of recent analyst reports. B. Riley upped their price objective on shares of Seabridge Gold from $24.60 to $25.40 and gave the stock a “buy” rating in a research report on Monday, September 9th. Canaccord Genuity reaffirmed a “buy” rating on shares of Seabridge Gold in a research report on Friday, July 19th. Zacks Investment Research raised shares of Seabridge Gold from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, ValuEngine downgraded shares of Seabridge Gold from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

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.

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

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