Two Sigma Investments LP purchased a new position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,166 shares of the basic materials company's stock, valued at approximately $276,000.
A number of other hedge funds have also bought and sold shares of SA. Amundi raised its holdings in Seabridge Gold by 15.3% during the fourth 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 in the last quarter. Bleakley Financial Group LLC grew its position in Seabridge Gold by 18.2% during the 4th quarter. Bleakley Financial Group LLC now owns 18,732 shares of the basic materials company's stock worth $214,000 after purchasing an additional 2,880 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Seabridge Gold by 11.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 29,506 shares of the basic materials company's stock worth $337,000 after acquiring an additional 3,029 shares during the last quarter. Swiss National Bank increased its stake in shares of Seabridge Gold by 1.4% in the fourth quarter. Swiss National Bank now owns 150,200 shares of the basic materials company's stock worth $1,713,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Seabridge Gold by 121.8% in the fourth quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock worth $3,638,000 after acquiring an additional 175,078 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.
Seabridge Gold Stock Up 1.8%
Seabridge Gold stock traded up $0.26 during mid-day trading on Friday, hitting $14.91. 703,893 shares of the company's stock were exchanged, compared to its average volume of 681,701. 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 has a market cap of $1.50 billion, a P/E ratio of -59.65 and a beta of 0.63. Seabridge Gold Inc. has a 1-year low of $9.40 and a 1-year high of $20.55. The stock has a 50 day moving average of $12.49 and a two-hundred day moving average of $12.18.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last released its earnings results on Tuesday, May 13th. The basic materials company reported $0.08 earnings per share for the quarter.
Seabridge Gold Company 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.
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