Van ECK Associates Corp reduced its stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,453,971 shares of the basic materials company's stock after selling 289,361 shares during the period. Van ECK Associates Corp owned approximately 3.76% of Seabridge Gold worth $39,410,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tidal Investments LLC increased its stake in Seabridge Gold by 26.1% during the 3rd 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 in the last quarter. Toronto Dominion Bank increased its position in shares of Seabridge Gold by 0.4% during the third quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company's stock valued at $16,890,000 after acquiring an additional 3,734 shares in the last quarter. Raymond James & Associates raised its holdings in Seabridge Gold by 0.4% in the 3rd quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company's stock worth $14,543,000 after acquiring an additional 3,464 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in Seabridge Gold by 20.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company's stock valued at $14,493,000 after acquiring an additional 148,088 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Seabridge Gold by 11.3% during the 3rd quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company's stock valued at $7,733,000 after purchasing an additional 45,516 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors.
Seabridge Gold Stock Performance
Shares of NYSE:SA traded down $2.04 during midday trading on Monday, reaching $11.30. 3,530,669 shares of the company's stock traded hands, compared to its average volume of 580,526. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. Seabridge Gold Inc. has a one year low of $10.01 and a one year high of $20.55. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -45.18 and a beta of 1.11. The stock has a 50 day moving average of $12.22 and a 200 day moving average of $15.08.
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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