Confluence Investment Management LLC Has $493,000 Position in Seabridge Gold Inc. (NYSE:SA)

Confluence Investment Management LLC raised its holdings in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,190 shares of the basic materials company’s stock after acquiring an additional 2,391 shares during the quarter. Confluence Investment Management LLC’s holdings in Seabridge Gold were worth $493,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board increased its holdings in shares of Seabridge Gold by 20.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company’s stock valued at $14,493,000 after acquiring an additional 148,088 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Seabridge Gold during the third quarter valued at approximately $596,000. Marshall Wace LLP bought a new position in shares of Seabridge Gold in the second quarter valued at approximately $311,000. Toronto Dominion Bank acquired a new stake in shares of Seabridge Gold in the second quarter worth $13,720,000. Finally, Bank of Montreal Can boosted its holdings in shares of Seabridge Gold by 11.3% during the 3rd quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company’s stock worth $7,733,000 after buying an additional 45,516 shares during the period. 34.85% of the stock is owned by institutional investors.

Seabridge Gold Stock Performance

Shares of SA opened at $12.04 on Friday. The company has a market capitalization of $1.10 billion, a PE ratio of -48.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. Seabridge Gold Inc. has a one year low of $9.31 and a one year high of $20.55. The company’s fifty day moving average price is $14.35 and its 200 day moving average price is $15.63.

Seabridge Gold Profile

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.