Two Sigma Investments LP bought a new position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,166 shares of the basic materials company's stock, valued at approximately $276,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Seabridge Gold during the 4th quarter valued at about $12,676,000. Bank of America Corp DE grew its position in shares of Seabridge Gold by 138.6% during 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 buying an additional 240,756 shares during the last quarter. Jane Street Group LLC grew its position in shares of Seabridge Gold by 159.1% during the 4th quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company's stock valued at $3,425,000 after buying an additional 184,341 shares during the last quarter. Millennium Management LLC grew its position in shares of Seabridge Gold by 121.8% during the 4th quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock valued at $3,638,000 after buying an additional 175,078 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its position in shares of 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 valued at $11,220,000 after buying an additional 122,627 shares during the last quarter. Institutional investors own 34.85% of the company's stock.
Seabridge Gold Stock Performance
Shares of NYSE:SA traded up $0.26 during trading on Friday, reaching $14.91. 703,893 shares of the company's stock traded hands, compared to its average volume of 679,973. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. Seabridge Gold Inc. has a 12 month low of $9.40 and a 12 month high of $20.55. The company has a 50 day moving average of $12.49 and a 200-day moving average of $12.20. The stock has a market capitalization of $1.50 billion, a P/E ratio of -59.65 and a beta of 0.63.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its earnings results on Tuesday, May 13th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter.
Seabridge Gold Company Profile
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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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