Deutsche Bank AG Buys 102,459 Shares of Seabridge Gold Inc. (NYSE:SA)

Deutsche Bank AG grew its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 61.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 268,785 shares of the basic materials company’s stock after buying an additional 102,459 shares during the quarter. Deutsche Bank AG owned 0.29% of Seabridge Gold worth $3,067,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC grew its stake in Seabridge Gold by 76.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 280,288 shares of the basic materials company’s stock worth $3,198,000 after purchasing an additional 121,840 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Seabridge Gold in the fourth quarter valued at approximately $597,000. Bank of America Corp DE increased its stake in shares of Seabridge Gold by 138.6% in the 4th quarter. Bank of America Corp DE now owns 414,500 shares of the basic materials company’s stock valued at $4,729,000 after purchasing an additional 240,756 shares in the last quarter. Jane Street Group LLC lifted its holdings in Seabridge Gold by 159.1% during the fourth quarter. Jane Street Group LLC now owns 300,216 shares of the basic materials company’s stock valued at $3,425,000 after purchasing an additional 184,341 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Seabridge Gold by 5.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 100,149 shares of the basic materials company’s stock valued at $1,144,000 after purchasing an additional 4,951 shares during the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Up 4.2%

Shares of SA opened at $12.22 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. Seabridge Gold Inc. has a 52-week low of $9.40 and a 52-week high of $20.55. The stock has a fifty day simple moving average of $11.83 and a two-hundred day simple moving average of $12.44. The company has a market capitalization of $1.23 billion, a PE ratio of -48.88 and a beta of 0.67.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data 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.