13,000 Shares in Seabridge Gold Inc. (NYSE:SA) Purchased by Everett Harris & Co. CA

Everett Harris & Co. CA bought a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,000 shares of the basic materials company’s stock, valued at approximately $158,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Seabridge Gold by 17.9% in the first quarter. JPMorgan Chase & Co. now owns 163,874 shares of the basic materials company’s stock valued at $3,032,000 after acquiring an additional 24,880 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Seabridge Gold by 5.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 1,175 shares during the period. Citigroup Inc. increased its position in shares of Seabridge Gold by 56.9% during the first quarter. Citigroup Inc. now owns 15,194 shares of the basic materials company’s stock valued at $281,000 after purchasing an additional 5,512 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Seabridge Gold by 64.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 1,497 shares during the period. Finally, Cibc World Market Inc. boosted its stake in Seabridge Gold by 75.9% in the 1st quarter. Cibc World Market Inc. now owns 47,146 shares of the basic materials company’s stock valued at $872,000 after buying an additional 20,338 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research report on Monday, January 15th.

Seabridge Gold Trading Up 9.4 %

Shares of Seabridge Gold stock traded up $1.30 during trading on Thursday, reaching $15.12. 1,315,510 shares of the company were exchanged, compared to its average volume of 512,566. Seabridge Gold Inc. has a twelve month low of $9.31 and a twelve month high of $16.18. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -50.40 and a beta of 1.07. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.51.

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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.