Crawford Fund Management LLC Grows Position in Seabridge Gold Inc. (NYSE:SA)

Crawford Fund Management LLC raised its position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 50.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 317,089 shares of the basic materials company's stock after acquiring an additional 106,500 shares during the quarter. Seabridge Gold makes up 1.1% of Crawford Fund Management LLC's portfolio, making the stock its 13th biggest holding. Crawford Fund Management LLC owned 0.35% of Seabridge Gold worth $5,325,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Van ECK Associates Corp increased its position in Seabridge Gold by 0.7% in the third quarter. Van ECK Associates Corp now owns 3,743,332 shares of the basic materials company's stock worth $62,851,000 after buying an additional 25,461 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Seabridge Gold in the second quarter worth about $13,720,000. Raymond James & Associates increased its position in Seabridge Gold by 0.4% in the third quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company's stock worth $14,543,000 after buying an additional 3,464 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in Seabridge Gold by 20.7% in the third quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company's stock worth $14,493,000 after buying an additional 148,088 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Seabridge Gold by 11.3% during the third quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company's stock worth $7,733,000 after purchasing an additional 45,516 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company's stock.

Seabridge Gold Price Performance

Shares of NYSE:SA traded up $0.05 during trading on Friday, hitting $14.39. 222,175 shares of the company's stock were exchanged, compared to its average volume of 516,168. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $20.55. The business's 50-day simple moving average is $16.78 and its 200 day simple moving average is $16.04. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -57.36 and a beta of 1.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Seabridge Gold to a "sell" rating in a research report on Monday, August 19th.

Seabridge Gold 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.