Aigen Investment Management LP purchased a new position in Seabridge Gold Inc. (NYSE:SA - Free Report) TSE: SEA in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,202 shares of the basic materials company's stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC grew its position in shares of Seabridge Gold by 26.1% during the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company's stock worth $46,468,000 after buying an additional 573,400 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of 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 buying an additional 148,088 shares in the last quarter. Crawford Fund Management LLC grew its position in shares of Seabridge Gold by 50.6% during the third quarter. Crawford Fund Management LLC now owns 317,089 shares of the basic materials company's stock worth $5,325,000 after buying an additional 106,500 shares in the last quarter. Knoll Capital Management LLC grew its position in shares of Seabridge Gold by 28.6% during the third quarter. Knoll Capital Management LLC now owns 317,003 shares of the basic materials company's stock worth $5,322,000 after buying an additional 70,406 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Seabridge Gold by 11.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 34.85% of the company's stock.
Shares of SA stock traded up $0.20 during mid-day trading on Friday, reaching $11.63. 775,789 shares of the company were exchanged, compared to its average volume of 580,872. Seabridge Gold Inc. has a fifty-two week low of $10.14 and a fifty-two week high of $20.55. 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 has a market capitalization of $1.16 billion, a P/E ratio of -46.50 and a beta of 1.00. The business's 50 day simple moving average is $11.87 and its 200 day simple moving average is $14.55.
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.
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