Bleakley Financial Group LLC reduced its position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 90.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,852 shares of the basic materials company's stock after selling 148,234 shares during the period. Bleakley Financial Group LLC's holdings in Seabridge Gold were worth $266,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in Seabridge Gold by 1.0% during the second quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company's stock valued at $50,898,000 after purchasing an additional 37,403 shares in the last quarter. Tidal Investments LLC purchased a new position in Seabridge Gold during the first quarter valued at approximately $17,419,000. Toronto Dominion Bank purchased a new position in Seabridge Gold during the second quarter valued at approximately $13,720,000. Russell Investments Group Ltd. grew its position in Seabridge Gold by 0.9% during the first quarter. Russell Investments Group Ltd. now owns 897,435 shares of the basic materials company's stock valued at $13,579,000 after purchasing an additional 8,440 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in Seabridge Gold by 31.4% during 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 in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.
Seabridge Gold Stock Down 0.3 %
SA traded down $0.05 on Thursday, reaching $19.16. 638,315 shares of the company traded hands, compared to its average volume of 500,590. The stock's 50 day moving average price is $17.49 and its 200-day moving average price is $15.93. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $20.55. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -53.22 and a beta of 1.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.11 and a quick ratio of 2.11.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.03 by $0.34.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Seabridge Gold to a "sell" rating in a research report on Monday, August 19th.
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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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