Seabridge Gold Inc. (NYSE:SA) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 57.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,004 shares of the basic materials company's stock after selling 83,808 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of Seabridge Gold worth $752,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Kopernik Global Investors LLC increased its position in shares of Seabridge Gold by 0.5% in the 2nd quarter. Kopernik Global Investors LLC now owns 2,728,409 shares of the basic materials company's stock valued at $32,877,000 after buying an additional 14,593 shares in the last quarter. Sprott Inc. increased its position in shares of Seabridge Gold by 8.0% in the 3rd quarter. Sprott Inc. now owns 1,728,334 shares of the basic materials company's stock valued at $18,457,000 after buying an additional 128,323 shares in the last quarter. Amundi increased its position in shares of Seabridge Gold by 33.4% in the 4th quarter. Amundi now owns 918,275 shares of the basic materials company's stock valued at $12,635,000 after buying an additional 229,902 shares in the last quarter. Millennium Management LLC increased its position in shares of Seabridge Gold by 513.9% in the 4th quarter. Millennium Management LLC now owns 888,638 shares of the basic materials company's stock valued at $11,176,000 after buying an additional 743,881 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Seabridge Gold by 21.6% in the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company's stock valued at $9,777,000 after buying an additional 143,321 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Seabridge Gold to a "sell" rating in a research note on Monday, April 1st.

Seabridge Gold Price Performance

NYSE:SA traded up $0.16 during mid-day trading on Friday, reaching $16.17. The stock had a trading volume of 579,001 shares, compared to its average volume of 538,180. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $16.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market capitalization of $1.40 billion, a PE ratio of -41.46 and a beta of 1.11. The stock has a 50-day simple moving average of $12.42 and a two-hundred day simple moving average of $11.74.

About Seabridge Gold

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.