JPMorgan Chase & Co. lessened its position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 76.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,185 shares of the basic materials company's stock after selling 79,539 shares during the period. JPMorgan Chase & Co.'s holdings in Seabridge Gold were worth $406,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Synovus Financial Corp bought a new stake in shares of Seabridge Gold during the 3rd quarter valued at $218,000. Tidal Investments LLC increased its stake in Seabridge Gold by 26.1% in the 3rd quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock worth $46,468,000 after acquiring an additional 573,400 shares during the last quarter. Toronto Dominion Bank increased its stake in Seabridge Gold by 0.4% in the 3rd quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company's stock worth $16,890,000 after acquiring an additional 3,734 shares during the last quarter. Strait & Sound Wealth Management LLC increased its stake in Seabridge Gold by 1.8% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 112,853 shares of the basic materials company's stock worth $1,895,000 after acquiring an additional 1,999 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Seabridge Gold by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 36,478 shares of the basic materials company's stock worth $615,000 after acquiring an additional 3,794 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors.
Seabridge Gold Price Performance
NYSE SA traded up $0.61 during trading on Thursday, reaching $12.56. The company's stock had a trading volume of 670,589 shares, compared to its average volume of 588,648. The firm has a fifty day moving average of $12.64 and a 200 day moving average of $15.34. Seabridge Gold Inc. has a one year low of $9.31 and a one year high of $20.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $1.15 billion, a PE ratio of -50.24 and a beta of 1.10.
Seabridge Gold Profile
(
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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