Bank of Montreal Can boosted its stake in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 11.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,331 shares of the basic materials company's stock after purchasing an additional 45,516 shares during the period. Bank of Montreal Can owned about 0.50% of Seabridge Gold worth $7,733,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its stake in Seabridge Gold by 327.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 27,109 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 20,763 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Seabridge Gold in the 1st quarter valued at approximately $191,000. Mather Group LLC. acquired a new position in Seabridge Gold in the second quarter worth approximately $40,000. Simplicity Wealth LLC raised its position in Seabridge Gold by 1.2% during the second quarter. Simplicity Wealth LLC now owns 164,086 shares of the basic materials company's stock valued at $2,246,000 after acquiring an additional 1,883 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Seabridge Gold by 24.7% in the second quarter. SG Americas Securities LLC now owns 36,229 shares of the basic materials company's stock valued at $496,000 after acquiring an additional 7,169 shares during the last quarter. Institutional investors and hedge funds own 34.85% of the company's stock.
Seabridge Gold Stock Up 1.7 %
NYSE SA traded up $0.24 during trading on Tuesday, hitting $14.27. 422,424 shares of the company traded hands, compared to its average volume of 515,160. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $20.55. The business has a fifty day simple moving average of $16.59 and a 200 day simple moving average of $16.04. The company has a market capitalization of $1.30 billion, a P/E ratio of -57.08 and a beta of 1.07. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Seabridge Gold to a "sell" rating in a research note on Monday, August 19th.
Check Out Our Latest Stock Report on Seabridge Gold
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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