Bank of Montreal Can raised its holdings in Seabridge Gold Inc. (NYSE:SA – Get Rating) (TSE:SEA) by 6.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 397,814 shares of the basic materials company's stock after acquiring an additional 25,452 shares during the period. Bank of Montreal Can owned about 0.50% of Seabridge Gold worth $7,364,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its position in shares of Seabridge Gold by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 56,589 shares of the basic materials company's stock worth $932,000 after buying an additional 963 shares during the period. SG Americas Securities LLC boosted its position in shares of Seabridge Gold by 15.1% during the first quarter. SG Americas Securities LLC now owns 8,225 shares of the basic materials company's stock worth $152,000 after buying an additional 1,080 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Seabridge Gold by 5.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,162 shares of the basic materials company's stock worth $447,000 after buying an additional 1,175 shares during the period. Alberta Investment Management Corp boosted its position in shares of Seabridge Gold by 4.9% during the fourth quarter. Alberta Investment Management Corp now owns 29,900 shares of the basic materials company's stock worth $495,000 after buying an additional 1,400 shares during the period. Finally, Confluence Investment Management LLC boosted its position in shares of Seabridge Gold by 11.8% during the first quarter. Confluence Investment Management LLC now owns 17,755 shares of the basic materials company's stock worth $328,000 after buying an additional 1,873 shares during the period. 28.65% of the stock is owned by institutional investors and hedge funds.
Get Seabridge Gold alerts:Seabridge Gold Stock Performance
Shares of NYSE SA opened at $12.26 on Thursday. The stock has a 50 day moving average price of $12.84 and a 200 day moving average price of $15.40. Seabridge Gold Inc. has a 52 week low of $10.94 and a 52 week high of $22.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 7.34 and a current ratio of 7.34. The stock has a market capitalization of $984.20 million, a PE ratio of 408.80 and a beta of 0.97.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Seabridge Gold to a "sell" rating in a research report on Wednesday, August 17th.Seabridge Gold Company Profile
(Get Rating)
Seabridge Gold Inc, together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper, silver, molybdenum, and rhenium 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 located in the Nevada; and 3 Aces project located in the Yukon Territory.
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