Fmr LLC Sells 119,299 Shares of Seabridge Gold Inc. (NYSE:SA)

Fmr LLC trimmed its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 712,901 shares of the basic materials company’s stock after selling 119,299 shares during the quarter. Fmr LLC owned 0.79% of Seabridge Gold worth $11,970,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc grew its stake in shares of Seabridge Gold by 1.1% during the third 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 during the last quarter. Signaturefd LLC lifted its holdings 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. US Bancorp DE lifted its holdings in shares of Seabridge Gold by 116.7% during the third quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 1,202 shares during the period. ORG Partners LLC lifted its holdings in shares of Seabridge Gold by 735.6% during the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,655 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Seabridge Gold by 33.4% during 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. 34.85% of the stock is owned by institutional investors.

Seabridge Gold Price Performance

Shares of NYSE SA opened at $14.23 on Thursday. The firm’s 50-day moving average price is $16.18 and its 200-day moving average price is $15.98. Seabridge Gold Inc. has a 1-year low of $9.31 and a 1-year high of $20.55. The firm has a market capitalization of $1.30 billion, a P/E ratio of -56.92 and a beta of 1.07. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

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.