Shares of Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA gapped down before the market opened on Friday . The stock had previously closed at $13.33, but opened at $12.20. Seabridge Gold shares last traded at $11.94, with a volume of 588,236 shares.
Seabridge Gold Price Performance
The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The business's fifty day moving average is $12.22 and its 200 day moving average is $15.08. The company has a market cap of $1.08 billion, a P/E ratio of -47.06 and a beta of 1.11.
Institutional Trading of Seabridge Gold
Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Seabridge Gold in the 4th quarter worth about $12,676,000. Tidal Investments LLC lifted its holdings in Seabridge Gold by 26.1% during the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock valued at $46,468,000 after purchasing an additional 573,400 shares during the last quarter. Bank of America Corp DE boosted its position in Seabridge Gold by 138.6% during the fourth quarter. Bank of America Corp DE now owns 414,500 shares of the basic materials company's stock worth $4,729,000 after purchasing an additional 240,756 shares during the period. Jane Street Group LLC increased its stake in shares of Seabridge Gold by 159.1% in the fourth quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company's stock worth $3,425,000 after purchasing an additional 184,341 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Seabridge Gold by 121.8% in the fourth quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock valued at $3,638,000 after purchasing an additional 175,078 shares during the period. 34.85% of the stock is currently owned by institutional investors.
About Seabridge Gold
(
Get 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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