Squarepoint Ops LLC acquired a new stake in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,889 shares of the basic materials company's stock, valued at approximately $273,000.
A number of other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Seabridge Gold during the fourth quarter valued at approximately $12,676,000. Bank of America Corp DE boosted its stake in Seabridge Gold by 138.6% in the 4th 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 grew its position in 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 acquiring an additional 184,341 shares during the period. Millennium Management LLC raised its stake in Seabridge Gold by 121.8% during the fourth quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock worth $3,638,000 after acquiring an additional 175,078 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Seabridge Gold by 14.2% during 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 acquiring an additional 122,627 shares during the period. 34.85% of the stock is currently owned by institutional investors and hedge funds.
Seabridge Gold Price Performance
SA stock traded down $0.24 during trading on Tuesday, hitting $14.38. 791,497 shares of the stock traded hands, compared to its average volume of 675,697. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -57.53 and a beta of 0.63. Seabridge Gold Inc. has a one year low of $9.40 and a one year high of $20.55. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $12.20 and a 200 day simple moving average of $12.18.
Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last posted its earnings results on Tuesday, May 13th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter.
About Seabridge Gold
(
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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