Millennium Management LLC Acquires 175,078 Shares of Seabridge Gold Inc. (NYSE:SA)

Millennium Management LLC increased its stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 121.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 318,803 shares of the basic materials company's stock after buying an additional 175,078 shares during the quarter. Millennium Management LLC owned 0.35% of Seabridge Gold worth $3,638,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SA. R Squared Ltd purchased a new position in Seabridge Gold in the fourth quarter valued at about $28,000. Lee Danner & Bass Inc. bought a new position in Seabridge Gold during the fourth quarter valued at $70,000. HighTower Advisors LLC purchased a new stake in Seabridge Gold in the fourth quarter worth $118,000. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of Seabridge Gold in the fourth quarter valued at $138,000. Finally, Uniting Wealth Partners LLC purchased a new position in shares of Seabridge Gold during the 4th quarter valued at $139,000. Institutional investors own 34.85% of the company's stock.

Seabridge Gold Stock Performance

Shares of SA stock traded up $0.34 on Wednesday, hitting $13.37. 990,308 shares of the stock were exchanged, compared to its average volume of 656,376. The firm's 50 day moving average is $11.96 and its two-hundred day moving average is $12.21. Seabridge Gold Inc. has a one year low of $9.40 and a one year high of $20.55. The firm has a market capitalization of $1.34 billion, a PE ratio of -53.48 and a beta of 0.67. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.

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

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.