Penbrook Management LLC Has $1.15 Million Stock Position in Seabridge Gold Inc. (NYSE:SA)

Penbrook Management LLC lowered its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,020 shares of the basic materials company’s stock after selling 8,910 shares during the quarter. Seabridge Gold comprises about 0.7% of Penbrook Management LLC’s investment portfolio, making the stock its 29th biggest position. Penbrook Management LLC owned approximately 0.09% of Seabridge Gold worth $1,149,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SA. Kopernik Global Investors LLC raised its position in shares of Seabridge Gold by 16.9% in the fourth quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock valued at $38,686,000 after purchasing an additional 460,895 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Seabridge Gold by 53.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 543,193 shares of the basic materials company’s stock worth $6,584,000 after acquiring an additional 189,096 shares during the last quarter. Raymond James & Associates boosted its holdings in Seabridge Gold by 21.6% during the fourth quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock valued at $9,777,000 after acquiring an additional 143,321 shares during the period. Sprott Inc. grew its position in shares of Seabridge Gold by 8.0% in the third quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company’s stock valued at $18,457,000 after purchasing an additional 128,323 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Seabridge Gold by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 3,501,796 shares of the basic materials company’s stock worth $42,477,000 after purchasing an additional 114,331 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a research note on Monday, April 1st.

Seabridge Gold Stock Performance

SA stock traded up $0.34 on Tuesday, reaching $13.67. 333,467 shares of the company were exchanged, compared to its average volume of 522,481. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.19 and a quick ratio of 3.19. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $16.71. The stock’s fifty day moving average price is $14.91 and its 200 day moving average price is $13.34. The firm has a market capitalization of $1.21 billion, a PE ratio of -37.42 and a beta of 1.10.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings data on Monday, May 13th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.10). On average, research analysts anticipate that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

Seabridge Gold Company Profile

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.