Raymond James & Associates increased its stake in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 806,037 shares of the basic materials company's stock after acquiring an additional 143,321 shares during the quarter. Raymond James & Associates owned about 0.94% of Seabridge Gold worth $9,777,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of SA. Harbour Investments Inc. increased its holdings in Seabridge Gold by 360.1% in the 3rd quarter. Harbour Investments Inc. now owns 2,926 shares of the basic materials company's stock valued at $31,000 after buying an additional 2,290 shares during the period. Tower Research Capital LLC TRC increased its holdings in Seabridge Gold by 203.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,334 shares of the basic materials company's stock valued at $40,000 after buying an additional 2,234 shares during the period. Chilton Capital Management LLC bought a new stake in Seabridge Gold in the 1st quarter valued at $44,000. Deutsche Bank AG bought a new stake in Seabridge Gold in the 4th quarter valued at $65,000. Finally, Great West Life Assurance Co. Can increased its holdings in Seabridge Gold by 64.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 3,836 shares of the basic materials company's stock valued at $75,000 after buying an additional 1,497 shares during the period. Institutional investors own 34.85% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Seabridge Gold to a "sell" rating in a report on Monday, April 1st.
View Our Latest Stock Analysis on SA
Seabridge Gold Price Performance
Shares of Seabridge Gold stock traded up $0.16 during mid-day trading on Friday, reaching $16.17. 579,001 shares of the stock were exchanged, compared to its average volume of 538,180. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -41.46 and a beta of 1.11. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.65. The firm has a 50-day simple moving average of $12.42 and a 200 day simple moving average of $11.74. Seabridge Gold Inc. has a fifty-two week low of $9.31 and a fifty-two week high of $16.70.
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. Its principal projects are the Kerr-Sulphurets-Mitchell property and Iskut project located in British Columbia, Canada; Courageous Lake property situated in Northwest Territories, Canada; Snowstorm project situated in the Nevada; and 3 Aces project located in the Yukon Territory.
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