XTX Topco Ltd Purchases New Holdings in Seabridge Gold, Inc. (NYSE:SA)

Key Points

• XTX Topco Ltd has made a new investment of $257,000 in Seabridge Gold, acquiring 22,010 shares during the first quarter, as reported in their Form 13F filing.
• Institutional investors now hold 34.85% of Seabridge Gold's stock, with notable increases in holdings from several firms, including Ontario Teachers Pension Plan Board and Bank of America Corp DE.
• Seabridge Gold's shares closed at $16.64, with a market cap of $1.70 billion and reported earnings of $0.08 per share in their last quarterly announcement.

XTX Topco Ltd purchased a new position in shares of Seabridge Gold, Inc. (NYSE:SA - Free Report) TSE: SEA in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,010 shares of the basic materials company's stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Seabridge Gold by 459.3% in the 4th quarter. JPMorgan Chase & Co. now owns 135,269 shares of the basic materials company's stock valued at $1,543,000 after purchasing an additional 111,084 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seabridge Gold by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company's stock valued at $434,000 after purchasing an additional 1,171 shares during the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of Seabridge Gold by 17.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 24,500 shares of the basic materials company's stock valued at $280,000 after purchasing an additional 3,704 shares during the last quarter. Barclays PLC lifted its holdings in shares of Seabridge Gold by 3.0% in the 4th quarter. Barclays PLC now owns 132,045 shares of the basic materials company's stock valued at $1,507,000 after purchasing an additional 3,802 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in shares of Seabridge Gold in the 4th quarter valued at about $378,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Seabridge Gold from a "hold" rating to a "sell" rating in a report on Saturday.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock traded up $0.18 on Friday, hitting $16.75. The stock had a trading volume of 1,747,011 shares, compared to its average volume of 619,573. Seabridge Gold, Inc. has a 52-week low of $9.40 and a 52-week high of $20.55. The company has a current ratio of 9.53, a quick ratio of 9.53 and a debt-to-equity ratio of 0.56. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -44.08 and a beta of 0.64. The company's 50 day moving average price is $15.49 and its 200 day moving average price is $13.17.

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

Seabridge Gold 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.