Armor Advisors L.L.C. reduced its stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 81.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,184 shares of the basic materials company's stock after selling 251,356 shares during the period. Seabridge Gold makes up 0.7% of Armor Advisors L.L.C.'s portfolio, making the stock its 11th biggest position. Armor Advisors L.L.C. owned approximately 0.06% of Seabridge Gold worth $664,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of SA. Geode Capital Management LLC lifted its holdings in shares of Seabridge Gold by 11.6% during the third 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 in the last quarter. Synovus Financial Corp bought a new stake in shares of Seabridge Gold in the third quarter worth approximately $218,000. Confluence Investment Management LLC lifted its position in Seabridge Gold by 5.9% during 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 period. Fiduciary Family Office LLC bought a new position in Seabridge Gold during the fourth quarter valued at approximately $317,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Seabridge Gold by 2.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 47,770 shares of the basic materials company's stock worth $545,000 after purchasing an additional 1,067 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors.
Seabridge Gold Stock Performance
SA traded down $0.52 during mid-day trading on Wednesday, reaching $12.48. 522,388 shares of the company traded hands, compared to its average volume of 640,427. The company's fifty day moving average price is $11.66 and its 200-day moving average price is $12.92. The stock has a market capitalization of $1.25 billion, a P/E ratio of -49.90 and a beta of 0.67. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. Seabridge Gold Inc. has a 52-week low of $9.40 and a 52-week high of $20.55.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last announced its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter.
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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