Balyasny Asset Management L.P. purchased a new position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,364 shares of the basic materials company's stock, valued at approximately $597,000. Balyasny Asset Management L.P. owned 0.06% of Seabridge Gold at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Seabridge Gold in the 4th quarter valued at about $12,676,000. Ontario Teachers Pension Plan Board grew its position in Seabridge Gold by 14.2% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 984,704 shares of the basic materials company's stock worth $11,220,000 after purchasing an additional 122,627 shares during the last quarter. Amundi grew its position in Seabridge Gold by 15.3% during the 4th quarter. Amundi now owns 648,968 shares of the basic materials company's stock worth $7,736,000 after purchasing an additional 86,046 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Seabridge Gold by 138.6% in the 4th quarter. Bank of America Corp DE now owns 414,500 shares of the basic materials company's stock valued at $4,729,000 after acquiring an additional 240,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Seabridge Gold by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 378,751 shares of the basic materials company's stock valued at $4,321,000 after acquiring an additional 2,663 shares during the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.
Seabridge Gold Price Performance
NYSE:SA traded up $0.15 during trading hours on Wednesday, reaching $12.37. 133,425 shares of the company were exchanged, compared to its average volume of 646,074. 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 stock's 50-day moving average is $11.83 and its 200-day moving average is $12.44. The firm has a market cap of $1.24 billion, a PE ratio of -49.60 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.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its earnings results on Tuesday, May 13th. The basic materials company reported $0.08 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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