Ontario Teachers Pension Plan Board Has $15.66 Million Holdings in Seabridge Gold, Inc. (NYSE:SA)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold, Inc. by 36.6%, now holding 1,344,887 shares valued at approximately $15.7 million.
• Other institutional investors, including Bank of America and JPMorgan Chase, also significantly boosted their positions in Seabridge Gold during the last quarter, indicating increased interest in the stock.
• As of the latest data, Seabridge Gold's market capitalization stands at $1.69 billion, with shares trading at around $16.61.

Ontario Teachers Pension Plan Board boosted its stake in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 36.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,344,887 shares of the basic materials company's stock after buying an additional 360,183 shares during the quarter. Seabridge Gold accounts for approximately 0.2% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 28th largest holding. Ontario Teachers Pension Plan Board owned 1.34% of Seabridge Gold worth $15,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Privium Fund Management B.V. lifted its stake in shares of Seabridge Gold by 22.5% during the first quarter. Privium Fund Management B.V. now owns 44,074 shares of the basic materials company's stock valued at $514,000 after buying an additional 8,087 shares during the period. XTX Topco Ltd acquired a new position in Seabridge Gold during the 1st quarter worth $257,000. Banque Cantonale Vaudoise acquired a new position in Seabridge Gold during the 1st quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Seabridge Gold by 13.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,951 shares of the basic materials company's stock worth $290,000 after acquiring an additional 3,044 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Seabridge Gold by 4.0% in the 1st quarter. TD Asset Management Inc now owns 222,435 shares of the basic materials company's stock valued at $2,589,000 after buying an additional 8,616 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Price Performance

Shares of SA stock traded up $0.18 during midday trading on Monday, reaching $16.56. 238,176 shares of the company were exchanged, compared to its average volume of 823,518. The company's 50 day moving average price is $15.17 and its two-hundred day moving average price is $13.02. The company has a market cap of $1.69 billion, a P/E ratio of -165.50 and a beta of 0.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 9.53 and a current ratio of 9.53. Seabridge Gold, Inc. has a 12 month low of $9.40 and a 12 month high of $20.55.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last announced its quarterly earnings data on Tuesday, May 13th. The basic materials company reported $0.08 EPS for the quarter.

About Seabridge Gold

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.