GFG Capital LLC bought a new position in Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) during the 2nd quarter, HoldingsChannel reports. The fund bought 126,545 shares of the basic materials company's stock, valued at approximately $356,000.

Several other hedge funds also recently made changes to their positions in SA. Cambridge Investment Research Advisors Inc. boosted its holdings in Seabridge Gold by 6.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,787 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 1,625 shares in the last quarter. Wealth Alliance Advisory Group LLC boosted its holdings in Seabridge Gold by 10.5% in the second quarter. Wealth Alliance Advisory Group LLC now owns 11,050 shares of the basic materials company's stock valued at $137,000 after acquiring an additional 1,050 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in Seabridge Gold by 30.1% in the second quarter. Confluence Investment Management LLC now owns 23,094 shares of the basic materials company's stock valued at $287,000 after acquiring an additional 5,339 shares in the last quarter. Bank of America Corp DE boosted its holdings in Seabridge Gold by 31.8% in the first quarter. Bank of America Corp DE now owns 18,707 shares of the basic materials company's stock valued at $346,000 after acquiring an additional 4,517 shares in the last quarter. Finally, Armor Advisors L.L.C. boosted its holdings in Seabridge Gold by 4.0% in the first quarter. Armor Advisors L.L.C. now owns 272,705 shares of the basic materials company's stock valued at $5,045,000 after acquiring an additional 10,417 shares in the last quarter. 28.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Seabridge Gold to a "sell" rating in a report on Wednesday, August 17th.

Seabridge Gold Stock Down 2.1 %

Seabridge Gold (NYSE:SA – Get Rating) (TSE:SEA) last announced its earnings results on Friday, August 12th. The basic materials company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.26. On average, equities analysts expect that Seabridge Gold Inc. will post -0.02 earnings per share for the current fiscal year.

Seabridge Gold Company Profile

(Get Rating)

Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium 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 located in the Nevada; and 3 Aces project located in the Yukon Territory.

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