Seabridge Gold Inc. (NYSE:SA) Holdings Boosted by Diametric Capital LP

Diametric Capital LP grew its holdings in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 45.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,479 shares of the basic materials company’s stock after purchasing an additional 6,719 shares during the period. Diametric Capital LP’s holdings in Seabridge Gold were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SA. Tidal Investments LLC raised its position in Seabridge Gold by 26.1% during the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company’s stock valued at $46,468,000 after buying an additional 573,400 shares during the period. Raymond James Financial Inc. purchased a new position in Seabridge Gold during the 4th quarter valued at about $12,676,000. Toronto Dominion Bank increased its holdings in shares of Seabridge Gold by 0.4% in the 3rd quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company’s stock valued at $16,890,000 after purchasing an additional 3,734 shares during the period. Amundi lifted its position in shares of Seabridge Gold by 15.3% in the fourth quarter. Amundi now owns 648,968 shares of the basic materials company’s stock worth $7,736,000 after purchasing an additional 86,046 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Seabridge Gold by 11.3% during the third quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company’s stock worth $7,733,000 after purchasing an additional 45,516 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of SA opened at $11.41 on Wednesday. The company has a market capitalization of $1.14 billion, a PE ratio of -45.65 and a beta of 1.00. 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’s 50 day moving average price is $11.82 and its 200 day moving average price is $13.89. Seabridge Gold Inc. has a 52 week low of $10.14 and a 52 week high of $20.55.

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