14,054 Shares in Seabridge Gold Inc. (NYSE:SA) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,054 shares of the basic materials company’s stock, valued at approximately $236,000.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its stake in shares of Seabridge Gold by 66.9% during the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,112 shares during the period. Confluence Investment Management LLC grew its position in shares of Seabridge Gold by 3.4% during the 2nd quarter. Confluence Investment Management LLC now owns 38,662 shares of the basic materials company’s stock worth $529,000 after buying an additional 1,285 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Seabridge Gold by 3.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 48,993 shares of the basic materials company’s stock valued at $741,000 after acquiring an additional 1,610 shares during the period. SG Americas Securities LLC raised its position in shares of Seabridge Gold by 5.9% in the 1st quarter. SG Americas Securities LLC now owns 29,060 shares of the basic materials company’s stock valued at $439,000 after acquiring an additional 1,629 shares during the period. Finally, ORG Partners LLC boosted its stake in Seabridge Gold by 735.6% during the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 1,655 shares during the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of Seabridge Gold stock opened at $17.11 on Monday. The stock’s fifty day simple moving average is $17.49 and its 200 day simple moving average is $16.03. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.55 billion, a PE ratio of -244.43 and a beta of 1.13. Seabridge Gold Inc. has a 12 month low of $9.31 and a 12 month high of $20.55.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings results on Tuesday, August 13th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.34.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

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.