International Assets Investment Management LLC purchased a new stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,511 shares of the basic materials company's stock, valued at approximately $596,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in Seabridge Gold during the first quarter worth $17,419,000. Toronto Dominion Bank purchased a new position in Seabridge Gold during the second quarter valued at $13,720,000. Ontario Teachers Pension Plan Board grew its position in shares of Seabridge Gold by 31.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 713,989 shares of the basic materials company's stock valued at $10,800,000 after purchasing an additional 170,796 shares during the period. Kingsview Wealth Management LLC purchased a new stake in shares of Seabridge Gold during the first quarter worth about $712,000. Finally, Van ECK Associates Corp lifted its stake in Seabridge Gold by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company's stock valued at $50,898,000 after buying an additional 37,403 shares in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Seabridge Gold to a "sell" rating in a research report on Monday, August 19th.
Read Our Latest Stock Analysis on SA
Seabridge Gold Trading Up 0.1 %
Shares of Seabridge Gold stock traded up $0.01 during mid-day trading on Wednesday, hitting $17.04. The stock had a trading volume of 717,352 shares, compared to its average volume of 498,818. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $20.55. The firm has a market cap of $1.54 billion, a P/E ratio of -243.43 and a beta of 1.13. The firm has a 50-day moving average of $17.43 and a two-hundred day moving average of $16.07. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.57.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last announced its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.34.
About Seabridge Gold
(
Free Report)
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.
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