The Manufacturers Life Insurance Company Sells 2,317 Shares of Seabridge Gold Inc. (NYSE:SA)

The Manufacturers Life Insurance Company cut its holdings in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,198 shares of the basic materials company’s stock after selling 2,317 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Seabridge Gold worth $1,601,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC boosted its holdings in shares of 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 buying an additional 1,655 shares during the period. US Bancorp DE lifted its position in Seabridge Gold by 116.7% during the 3rd quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 1,202 shares during the last quarter. Signaturefd LLC grew its position in shares of Seabridge Gold by 66.9% in the third quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,112 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Seabridge Gold by 33.4% in the second quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 1,871 shares during the period. Finally, Oxbow Advisors LLC acquired a new position in shares of Seabridge Gold during the 2nd quarter worth about $141,000. 34.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Seabridge Gold Price Performance

NYSE:SA opened at $13.61 on Wednesday. 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 has a fifty day moving average price of $16.23 and a 200 day moving average price of $15.99. The stock has a market cap of $1.24 billion, a P/E ratio of -54.42 and a beta of 1.07.

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.