Seabridge Gold Inc. (NYSE:SA) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 11.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,331 shares of the basic materials company’s stock after buying an additional 45,516 shares during the period. Bank of Montreal Can owned about 0.50% of Seabridge Gold worth $7,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SA. Ontario Teachers Pension Plan Board boosted its position in Seabridge Gold by 20.7% during the third quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company’s stock worth $14,493,000 after purchasing an additional 148,088 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Seabridge Gold by 1.1% in the 3rd quarter. CIBC Asset Management Inc now owns 91,601 shares of the basic materials company’s stock worth $1,541,000 after buying an additional 959 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Seabridge Gold by 8.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 250,362 shares of the basic materials company’s stock valued at $4,204,000 after acquiring an additional 20,435 shares during the last quarter. Privium Fund Management B.V. increased its holdings in Seabridge Gold by 15.3% during the 3rd quarter. Privium Fund Management B.V. now owns 32,087 shares of the basic materials company’s stock valued at $539,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Oxbow Advisors LLC raised its position in Seabridge Gold by 31.7% during the third quarter. Oxbow Advisors LLC now owns 13,518 shares of the basic materials company’s stock worth $227,000 after acquiring an additional 3,252 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Stock Down 2.5 %

Shares of NYSE:SA opened at $14.03 on Tuesday. 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 company has a market capitalization of $1.28 billion, a P/E ratio of -56.12 and a beta of 1.13. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $20.55. The stock’s fifty day simple moving average is $16.65 and its 200-day simple moving average is $16.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Seabridge Gold to a “sell” rating in a research note 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.