Summit Financial LLC cut its stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 32.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,500 shares of the basic materials company's stock after selling 81,500 shares during the period. Summit Financial LLC owned 0.18% of Seabridge Gold worth $1,934,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Seabridge Gold in the 4th quarter worth approximately $12,676,000. Tidal Investments LLC grew its stake in shares of Seabridge Gold by 26.1% in the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock worth $46,468,000 after purchasing an additional 573,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Seabridge Gold by 459.3% during the fourth quarter. JPMorgan Chase & Co. now owns 135,269 shares of the basic materials company's stock valued at $1,543,000 after purchasing an additional 111,084 shares during the period. Amundi raised its stake in shares of Seabridge Gold by 15.3% during the fourth quarter. Amundi now owns 648,968 shares of the basic materials company's stock valued at $7,736,000 after purchasing an additional 86,046 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new stake in Seabridge Gold in the fourth quarter worth about $699,000. 34.85% of the stock is currently owned by institutional investors.
Seabridge Gold Stock Down 2.2 %
Seabridge Gold stock opened at $11.41 on Wednesday. The company's 50-day moving average price is $11.82 and its two-hundred day moving average price is $13.89. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -45.65 and a beta of 1.00. Seabridge Gold Inc. has a 52 week low of $10.14 and a 52 week high of $20.55. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last released its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.
Seabridge Gold 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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