Geode Capital Management LLC Raises Stake in Seabridge Gold Inc. (NYSE:SA)

Geode Capital Management LLC lifted its position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,649 shares of the basic materials company’s stock after buying an additional 1,171 shares during the period. Geode Capital Management LLC’s holdings in Seabridge Gold were worth $434,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Seabridge Gold during the 4th quarter valued at about $28,000. Lee Danner & Bass Inc. purchased a new position in Seabridge Gold during the fourth quarter worth approximately $70,000. HighTower Advisors LLC purchased a new position in shares of Seabridge Gold in the 4th quarter worth $118,000. Synovus Financial Corp acquired a new position in Seabridge Gold in the third quarter valued at $218,000. Finally, Avantax Advisory Services Inc. grew its position in Seabridge Gold by 6.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Seabridge Gold stock opened at $11.96 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -47.84 and a beta of 0.67. Seabridge Gold Inc. has a 12 month low of $9.40 and a 12 month high of $20.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The stock’s 50-day moving average is $11.58 and its 200-day moving average is $13.02.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its quarterly earnings results on Thursday, March 27th. The basic materials company reported ($0.32) EPS for the quarter.

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.