Verition Fund Management LLC Buys New Stake in Seabridge Gold Inc. (NYSE:SA)

Verition Fund Management LLC purchased a new position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,184 shares of the basic materials company’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC grew its position in shares of Seabridge Gold by 735.6% in the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock valued at $32,000 after buying an additional 1,655 shares during the last quarter. US Bancorp DE grew 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 last quarter. Signaturefd LLC increased its position 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 in the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of Seabridge Gold by 33.4% in the 2nd quarter. Banque Cantonale Vaudoise now owns 7,475 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 1,871 shares during the last quarter. Finally, Oxbow Advisors LLC acquired a new stake in shares of Seabridge Gold in the 2nd quarter valued at about $141,000. 34.85% of the stock is owned by institutional investors and hedge funds.

Seabridge Gold Trading Down 2.3 %

Shares of Seabridge Gold stock opened at $13.39 on Friday. The company’s fifty day moving average is $16.05 and its two-hundred day moving average is $15.95. Seabridge Gold Inc. has a 1 year low of $9.31 and a 1 year high of $20.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $1.22 billion, a P/E ratio of -53.56 and a beta of 1.07.

Wall Street Analyst Weigh In

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

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.