Seabridge Gold Inc. (NYSE:SA) Shares Purchased by Confluence Investment Management LLC

Confluence Investment Management LLC grew its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 43,190 shares of the basic materials company’s stock after acquiring an additional 2,391 shares during the quarter. Confluence Investment Management LLC’s holdings in Seabridge Gold were worth $493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc increased its stake in shares of Seabridge Gold by 10.7% during the second quarter. CIBC Asset Management Inc now owns 90,642 shares of the basic materials company’s stock valued at $1,238,000 after acquiring an additional 8,796 shares during the period. TD Asset Management Inc raised its holdings in shares of Seabridge Gold by 3.0% during the second quarter. TD Asset Management Inc now owns 125,697 shares of the basic materials company’s stock valued at $1,718,000 after acquiring an additional 3,700 shares during the period. Oxbow Advisors LLC acquired a new stake in shares of Seabridge Gold during the second quarter valued at approximately $141,000. Old West Investment Management LLC lifted its position in shares of Seabridge Gold by 6.7% in the 2nd quarter. Old West Investment Management LLC now owns 36,858 shares of the basic materials company’s stock valued at $505,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Seabridge Gold by 1.8% in the 2nd quarter. Bank of Montreal Can now owns 403,815 shares of the basic materials company’s stock worth $5,842,000 after purchasing an additional 7,092 shares during the period. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

Shares of NYSE:SA opened at $12.04 on Friday. The company’s fifty day moving average is $14.35 and its two-hundred day moving average is $15.63. The company has a market cap of $1.10 billion, a P/E ratio of -48.16 and a beta of 1.07. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-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.

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.