PDT Partners LLC Acquires 39,433 Shares of Seabridge Gold, Inc. $SA

Key Points

• PDT Partners LLC increased its stake in Seabridge Gold, Inc. by 127% this quarter, acquiring a total of 70,473 shares valued at approximately $822,000.
• Multiple hedge funds, including Kopernik Global Investors LLC and Ontario Teachers Pension Plan Board, also significantly boosted their holdings in Seabridge Gold during the first quarter.
• Seabridge Gold shares were recently downgraded from a "hold" to a "sell" rating by Wall Street Zen on August 16th.

PDT Partners LLC raised its stake in Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA by 127.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,473 shares of the basic materials company's stock after buying an additional 39,433 shares during the period. PDT Partners LLC owned approximately 0.07% of Seabridge Gold worth $822,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in Seabridge Gold during the 1st quarter valued at $26,000. Northwest & Ethical Investments L.P. acquired a new stake in Seabridge Gold during the 1st quarter valued at $39,000. Wealth Preservation Advisors LLC acquired a new stake in Seabridge Gold during the 1st quarter valued at $121,000. Baird Financial Group Inc. acquired a new stake in Seabridge Gold during the 1st quarter valued at $122,000. Finally, Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in Seabridge Gold during the 4th quarter valued at $138,000. Institutional investors own 34.85% of the company's stock.

Seabridge Gold Stock Up 2.3%

Shares of Seabridge Gold stock traded up $0.40 on Friday, hitting $17.74. 847,123 shares of the company traded hands, compared to its average volume of 849,692. The company has a 50-day moving average price of $16.19 and a 200 day moving average price of $13.63. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.57. Seabridge Gold, Inc. has a 12-month low of $9.40 and a 12-month high of $20.55. The company has a market cap of $1.81 billion, a PE ratio of -46.67 and a beta of 0.68.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its quarterly earnings results on Wednesday, August 13th. The basic materials company reported $0.09 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Seabridge Gold from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th.

Seabridge Gold Company 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.