Mountain Lake Investment Management LLC cut its holdings in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 45.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,400 shares of the basic materials company's stock after selling 22,600 shares during the quarter. Seabridge Gold comprises approximately 0.4% of Mountain Lake Investment Management LLC's portfolio, making the stock its 26th biggest holding. Mountain Lake Investment Management LLC's holdings in Seabridge Gold were worth $313,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in SA. Van ECK Associates Corp increased its stake in Seabridge Gold by 0.7% during 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 acquiring an additional 25,461 shares during the last quarter. Tidal Investments LLC increased its stake in Seabridge Gold by 26.1% during the third 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% during the third 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. Raymond James & Associates increased its stake in Seabridge Gold by 0.4% during the third quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company's stock worth $14,543,000 after acquiring an additional 3,464 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold by 20.7% during 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 acquiring an additional 148,088 shares during the last quarter. 34.85% of the stock is currently owned by hedge funds and other institutional investors.
Seabridge Gold Trading Up 2.8 %
NYSE:SA traded up $0.34 on Thursday, hitting $12.19. 980,453 shares of the stock were exchanged, compared to its average volume of 703,977. The stock has a market cap of $1.12 billion, a PE ratio of -48.74 and a beta of 1.11. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average of $12.10 and a 200-day moving average of $15.01. Seabridge Gold Inc. has a fifty-two week low of $10.87 and a fifty-two week high of $20.55.
Seabridge Gold Company 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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