Bank of Montreal Can Decreases Stake in Seabridge Gold Inc. (NYSE:SA)

Bank of Montreal Can reduced its position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 387,275 shares of the basic materials company's stock after selling 62,056 shares during the period. Bank of Montreal Can owned 0.42% of Seabridge Gold worth $4,413,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in Seabridge Gold during the fourth quarter worth $28,000. Lee Danner & Bass Inc. acquired a new position in shares of Seabridge Gold during the 4th quarter valued at about $70,000. HighTower Advisors LLC purchased a new stake in shares of Seabridge Gold in the fourth quarter valued at about $118,000. Uniting Wealth Partners LLC acquired a new stake in Seabridge Gold during the fourth quarter worth about $139,000. Finally, Synovus Financial Corp purchased a new position in Seabridge Gold during the third quarter worth about $218,000. Institutional investors and hedge funds own 34.85% of the company's stock.

Seabridge Gold Trading Down 2.4 %

NYSE:SA traded down $0.31 on Friday, hitting $12.55. The stock had a trading volume of 870,605 shares, compared to its average volume of 636,559. The company has a fifty day moving average price of $11.49 and a two-hundred day moving average price of $13.37. Seabridge Gold Inc. has a 1-year low of $9.40 and a 1-year high of $20.55. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -50.20 and a beta of 1.01.

Seabridge Gold (NYSE:SA - Get Free Report) TSE: SEA last issued its quarterly earnings data on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

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. The company was formerly known as Seabridge Resources Inc and changed its name to Seabridge Gold Inc in June 2002.