Confluence Investment Management LLC increased its position in shares of Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) by 30.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,094 shares of the basic materials company’s stock after acquiring an additional 5,339 shares during the quarter. Confluence Investment Management LLC’s holdings in Seabridge Gold were worth $287,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sprott Inc. grew its position in Seabridge Gold by 31.0% in the fourth quarter. Sprott Inc. now owns 1,962,551 shares of the basic materials company’s stock worth $32,364,000 after acquiring an additional 464,231 shares in the last quarter. Private Advisor Group LLC bought a new stake in Seabridge Gold in the first quarter worth approximately $2,488,000. Dimensional Fund Advisors LP grew its position in Seabridge Gold by 41.2% in the first quarter. Dimensional Fund Advisors LP now owns 371,982 shares of the basic materials company’s stock worth $6,882,000 after acquiring an additional 108,466 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Seabridge Gold by 973.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 55,807 shares of the basic materials company’s stock worth $920,000 after acquiring an additional 50,607 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Seabridge Gold in the first quarter worth approximately $825,000. 28.65% of the stock is owned by hedge funds and other institutional investors.
Seabridge Gold Price Performance
NYSE SA opened at $12.40 on Friday. The company has a current ratio of 7.34, a quick ratio of 7.34 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $15.17. The company has a market cap of $995.47 million, a P/E ratio of 413.47 and a beta of 0.97. Seabridge Gold Inc. has a 1 year low of $10.94 and a 1 year high of $22.22.
Analyst Ratings Changes
Seabridge Gold Profile
Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium deposits. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project located in the Nevada; and 3 Aces project located in the Yukon Territory.
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