Seabridge Gold Inc. (NYSE:SA - Get Free Report) TSE: SEA was the recipient of unusually large options trading on Monday. Stock investors purchased 8,983 call options on the stock. This represents an increase of 307% compared to the typical volume of 2,205 call options.
Institutional Investors Weigh In On Seabridge Gold
Several hedge funds have recently modified their holdings of SA. Raymond James Financial Inc. acquired a new position in shares of Seabridge Gold in the fourth quarter valued at approximately $12,676,000. Tidal Investments LLC raised its holdings in Seabridge Gold by 26.1% in the 3rd quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock valued at $46,468,000 after acquiring an additional 573,400 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Seabridge Gold by 138.6% during the 4th quarter. Bank of America Corp DE now owns 414,500 shares of the basic materials company's stock worth $4,729,000 after purchasing an additional 240,756 shares during the period. Jane Street Group LLC boosted its holdings in shares of Seabridge Gold by 159.1% during the fourth quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company's stock worth $3,425,000 after purchasing an additional 184,341 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Seabridge Gold by 121.8% in the fourth quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company's stock valued at $3,638,000 after purchasing an additional 175,078 shares during the period. 34.85% of the stock is owned by institutional investors and hedge funds.
Seabridge Gold Price Performance
SA stock traded down $0.17 on Friday, reaching $12.34. The company had a trading volume of 658,858 shares, compared to its average volume of 639,724. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The company's fifty day moving average is $11.51 and its 200 day moving average is $13.16. The company has a market cap of $1.24 billion, a P/E ratio of -49.36 and a beta of 1.01. Seabridge Gold has a 1 year low of $9.40 and a 1 year high of $20.55.
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 (EPS) for the quarter.
Seabridge Gold Company Profile
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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.
Further Reading
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