Kopernik Global Investors LLC recently announced the acquisition of new stake in Seabridge Gold Inc. (NYSE:SA). The institutional investor has increased its shareholding in the Basic Materials company by 30.21% to 3.49 million shares with purchase of 0.81 million shares. This fresh investment now brings its stake to 4.34% valued currently at $43.92 million. In addition, TD Asset Management, Inc. raised its holdings by 6685.0 to 1.23 million shares. And ETF Managers Group LLC has lifted its position by 24.42% or 0.18 million shares – to 0.94 million shares.
With over 0.37 million Seabridge Gold Inc. (SA) shares trading Friday and a closing price of $14.08 on the day, the dollar volume was approximately $5.24 million. The shares have shown a positive half year performance of 13.18% and its price on 01/13/23 gained nearly 1.44%. Currently, there are 80.28M common shares owned by the public and among those 67.19M shares have been available to trade.
The top 3 mutual fund holders in Seabridge Gold Inc. are VanEck Junior Gold Miners ETF, Kopernik Global All Cap Fund, and Heptagon Fund Plc – Kopernik Glob. VanEck Junior Gold Miners ETF owns 3.31 million shares of the company’s stock, all valued at over $41.6 million. Heptagon Fund Plc – Kopernik Glob now owns shares totaling to 1.81% of the shares outstanding.
Shares of Seabridge Gold Inc. (NYSE: SA) opened at $13.90, up $0.02 from a prior closing price of $13.88. However, the script later moved the day high at 14.18, up 1.44%. The company’s stock has a 5-day price change of 1.44% and 22.33% over the past three months. SA shares are trading 11.92% year to date (YTD), with the 12-month market performance down to -13.30% lower. It has a 12-month low price of $10.03 and touched a high of $22.22 over the same period. SA has an average intraday trading volume of 296.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.40%, 14.91%, and 3.77% respectively.
Institutional ownership of Seabridge Gold Inc. (NYSE: SA) shares accounts for 42.10% of the company’s 80.28M shares outstanding. Mutual fund holders own 10.35%, while other institutional holders and individual stakeholders account for 22.51% and — respectively.
It has a market capitalization of $1.13B and a beta (3y monthly) value of 0.88. The stock’s trailing 12-month PE ratio is 171.71, while the earnings-per-share (ttm) stands at $0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.78% over the week and 3.86% over the month.
Analysts forecast that Seabridge Gold Inc. (SA) will achieve an EPS of -$0.05 for the current quarter, -$0.05 for the next quarter and -$0.17 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was $0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 105.10%, and -250.00% over the next financial year.
Looking at the support for the SA, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on April 30, 2019, with the firm’s price target at $22. Singular Research coverage for the Seabridge Gold Inc. (SA) stock in a research note released on August 19, 2014 offered a Buy rating with a price target of $14.