GPS Wealth Strategies Group LLC bought a new stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 40,750 shares of the basic materials company's stock, valued at approximately $476,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Seabridge Gold in the fourth quarter valued at approximately $70,000. HighTower Advisors LLC purchased a new position in Seabridge Gold during the 4th quarter worth $118,000. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Seabridge Gold in the fourth quarter valued at $138,000. Uniting Wealth Partners LLC acquired a new stake in shares of Seabridge Gold during the fourth quarter worth about $139,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Seabridge Gold during the fourth quarter worth about $140,000. Hedge funds and other institutional investors own 34.85% of the company's stock.
Seabridge Gold Stock Performance
SA traded up $0.26 on Friday, hitting $14.91. 703,893 shares of the company traded hands, compared to its average volume of 679,973. The stock has a market capitalization of $1.50 billion, a PE ratio of -59.65 and a beta of 0.63. 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 12-month low of $9.40 and a 12-month high of $20.55. The company has a 50 day moving average of $12.38 and a 200-day moving average of $12.19.
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 earnings per share for the quarter.
Seabridge Gold 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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