Point72 Asset Management L.P. acquired a new position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,932 shares of the basic materials company's stock, valued at approximately $478,000.
A number of other large investors have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. increased its holdings in Seabridge Gold by 6.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company's stock worth $167,000 after buying an additional 850 shares during the last quarter. Nebula Research & Development LLC increased its stake in shares of Seabridge Gold by 6.9% in the fourth quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company's stock worth $156,000 after purchasing an additional 881 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Seabridge Gold by 2.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 47,770 shares of the basic materials company's stock worth $545,000 after purchasing an additional 1,067 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Seabridge Gold by 1.4% in the fourth quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company's stock worth $954,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Seabridge Gold by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock worth $434,000 after purchasing an additional 1,171 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company's stock.
Seabridge Gold Stock Performance
Shares of SA traded up $0.07 during trading hours on Wednesday, hitting $12.46. The company's stock had a trading volume of 426,228 shares, compared to its average volume of 874,886. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -49.87 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The business has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.28. Seabridge Gold Inc. has a 52-week low of $9.40 and a 52-week high of $20.55.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last released its quarterly earnings data on Tuesday, May 13th. The basic materials company reported $0.08 EPS for the quarter.
Seabridge Gold Company 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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