Ontario Teachers Pension Plan Board Raises Position in Seabridge Gold Inc. (NYSE:SA)

Ontario Teachers Pension Plan Board grew its holdings in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 20.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 862,077 shares of the basic materials company's stock after purchasing an additional 148,088 shares during the quarter. Seabridge Gold comprises approximately 0.1% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 25th biggest holding. Ontario Teachers Pension Plan Board owned 0.95% of Seabridge Gold worth $14,493,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. CIBC Asset Management Inc increased its stake in Seabridge Gold by 1.1% in the third quarter. CIBC Asset Management Inc now owns 91,601 shares of the basic materials company's stock valued at $1,541,000 after acquiring an additional 959 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Seabridge Gold by 8.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 250,362 shares of the basic materials company's stock worth $4,204,000 after acquiring an additional 20,435 shares during the last quarter. Privium Fund Management B.V. increased its stake in Seabridge Gold by 15.3% in the 3rd quarter. Privium Fund Management B.V. now owns 32,087 shares of the basic materials company's stock worth $539,000 after purchasing an additional 4,253 shares during the period. Oxbow Advisors LLC lifted its position in Seabridge Gold by 31.7% in the third quarter. Oxbow Advisors LLC now owns 13,518 shares of the basic materials company's stock valued at $227,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Confluence Investment Management LLC boosted its stake in shares of Seabridge Gold by 5.5% during the third quarter. Confluence Investment Management LLC now owns 40,799 shares of the basic materials company's stock valued at $685,000 after purchasing an additional 2,137 shares during the period. Hedge funds and other institutional investors own 34.85% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Seabridge Gold to a "sell" rating in a report on Monday, August 19th.

Seabridge Gold Trading Down 1.0 %

NYSE:SA traded down $0.15 during trading hours on Wednesday, hitting $14.76. The company had a trading volume of 323,692 shares, compared to its average volume of 516,919. The stock has a 50-day moving average price of $17.16 and a 200 day moving average price of $16.08. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week 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 company has a market capitalization of $1.34 billion, a PE ratio of -59.64 and a beta of 1.13.

About Seabridge Gold

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.