Point72 Asset Management L.P. purchased a new stake in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,932 shares of the basic materials company's stock, valued at approximately $478,000.
Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Seabridge Gold in the fourth quarter valued at approximately $12,676,000. Bank of America Corp DE increased its position in shares of Seabridge Gold by 138.6% in the fourth 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 in the last quarter. Jane Street Group LLC increased its position in shares of Seabridge Gold by 159.1% in the fourth 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 in the last quarter. Millennium Management LLC increased its position 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 valued at $3,638,000 after buying an additional 175,078 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Seabridge Gold by 14.2% in the fourth 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 in the last quarter. 34.85% of the stock is owned by institutional investors and hedge funds.
Seabridge Gold Price Performance
Shares of Seabridge Gold stock traded down $0.03 on Thursday, reaching $12.36. The company's stock had a trading volume of 135,852 shares, compared to its average volume of 648,533. The company has a market capitalization of $1.24 billion, a P/E ratio of -49.40 and a beta of 0.67. Seabridge Gold Inc. has a 52-week low of $9.40 and a 52-week high of $20.55. The stock has a 50-day moving average price of $11.88 and a 200-day moving average price of $12.28. 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 (NYSE:SA - Get Free Report) TSE: SEA last posted its quarterly earnings data on Tuesday, May 13th. The basic materials company reported $0.08 EPS 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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