The Manufacturers Life Insurance Company Purchases 4,951 Shares of Seabridge Gold Inc. (NYSE:SA)

The Manufacturers Life Insurance Company increased its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,149 shares of the basic materials company’s stock after buying an additional 4,951 shares during the quarter. The Manufacturers Life Insurance Company owned 0.11% of Seabridge Gold worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SA. R Squared Ltd purchased a new stake in Seabridge Gold during the 4th quarter valued at about $28,000. Lee Danner & Bass Inc. purchased a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $70,000. HighTower Advisors LLC bought a new position in shares of Seabridge Gold in the fourth quarter worth approximately $118,000. Uniting Wealth Partners LLC bought a new position in shares of Seabridge Gold in the fourth quarter worth approximately $139,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Seabridge Gold in the fourth quarter worth $140,000. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Trading Up 0.3%

Shares of SA opened at $11.74 on Wednesday. The stock has a market capitalization of $1.18 billion, a P/E ratio of -46.96 and a beta of 0.67. Seabridge Gold Inc. has a twelve month low of $9.40 and a twelve month high of $20.55. 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 firm has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $12.67.

Seabridge Gold (NYSE:SA) (TSE:SEA) last posted its earnings results on Tuesday, May 13th. The basic materials company reported $0.08 earnings per share for the quarter.

Seabridge Gold Company 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.