National Bank of Canada FI lowered its holdings in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,476,926 shares of the basic materials company's stock after selling 41,715 shares during the quarter. National Bank of Canada FI owned approximately 4.95% of Seabridge Gold worth $75,168,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SA. Toronto Dominion Bank purchased a new stake in Seabridge Gold in the 2nd quarter worth $13,720,000. Ontario Teachers Pension Plan Board increased its holdings in shares of 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 purchasing an additional 148,088 shares during the last quarter. Crawford Fund Management LLC lifted its position in shares of Seabridge Gold by 50.6% in the third quarter. Crawford Fund Management LLC now owns 317,089 shares of the basic materials company's stock worth $5,325,000 after buying an additional 106,500 shares in the last quarter. Knoll Capital Management LLC boosted its stake in Seabridge Gold by 28.6% during the third quarter. Knoll Capital Management LLC now owns 317,003 shares of the basic materials company's stock valued at $5,322,000 after buying an additional 70,406 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in 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 valued at $7,733,000 after buying an additional 45,516 shares during the last quarter. Institutional investors own 34.85% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a research note on Monday, August 19th.
View Our Latest Stock Analysis on Seabridge Gold
Seabridge Gold Price Performance
Seabridge Gold stock traded down $0.45 during mid-day trading on Friday, reaching $13.40. 652,076 shares of the company's stock traded hands, compared to its average volume of 664,524. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $20.55. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $16.36 and a two-hundred day moving average of $16.00. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -53.60 and a beta of 1.07.
Seabridge Gold Profile
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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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