Armor Advisors L.L.C. trimmed its position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 81.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,184 shares of the basic materials company's stock after selling 251,356 shares during the quarter. Seabridge Gold comprises about 0.7% of Armor Advisors L.L.C.'s investment portfolio, making the stock its 11th largest holding. Armor Advisors L.L.C. owned approximately 0.06% of Seabridge Gold worth $664,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Seabridge Gold by 11.6% in the 3rd quarter. Geode Capital Management LLC now owns 36,478 shares of the basic materials company's stock valued at $615,000 after purchasing an additional 3,794 shares during the period. Synovus Financial Corp acquired a new position in Seabridge Gold during the third quarter worth about $218,000. Confluence Investment Management LLC increased its holdings in shares of Seabridge Gold by 5.9% in the fourth quarter. Confluence Investment Management LLC now owns 43,190 shares of the basic materials company's stock valued at $493,000 after purchasing an additional 2,391 shares during the last quarter. Fiduciary Family Office LLC purchased a new stake in shares of Seabridge Gold in the fourth quarter valued at about $317,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Seabridge Gold by 2.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 47,770 shares of the basic materials company's stock valued at $545,000 after buying an additional 1,067 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds.
Seabridge Gold Trading Down 1.2 %
NYSE:SA traded down $0.15 during trading hours on Thursday, reaching $12.33. 342,305 shares of the stock were exchanged, compared to its average volume of 640,385. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -49.32 and a beta of 0.67. Seabridge Gold Inc. has a twelve month low of $9.40 and a twelve month high of $20.55. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $11.69 and a two-hundred day moving average of $12.91.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) EPS 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.
See Also
Before you consider Seabridge Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seabridge Gold wasn't on the list.
While Seabridge Gold currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
