Seabridge Gold Inc. (NYSE:SA) Shares Bought by Diametric Capital LP

Diametric Capital LP lifted its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,479 shares of the basic materials company’s stock after acquiring an additional 6,719 shares during the quarter. Diametric Capital LP’s holdings in Seabridge Gold were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SA. Raymond James Financial Inc. bought a new stake in shares of Seabridge Gold in the 4th quarter worth $12,676,000. Tidal Investments LLC grew its holdings 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 worth $46,468,000 after acquiring an additional 573,400 shares during the period. JPMorgan Chase & Co. raised its position in Seabridge Gold by 459.3% in the fourth quarter. JPMorgan Chase & Co. now owns 135,269 shares of the basic materials company’s stock worth $1,543,000 after acquiring an additional 111,084 shares in the last quarter. Amundi lifted its holdings in Seabridge Gold by 15.3% in the 4th quarter. Amundi now owns 648,968 shares of the basic materials company’s stock valued at $7,736,000 after acquiring an additional 86,046 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Seabridge Gold in the 4th quarter worth approximately $699,000. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Down 2.2 %

SA stock opened at $11.41 on Wednesday. The firm has a market cap of $1.14 billion, a PE ratio of -45.65 and a beta of 1.00. Seabridge Gold Inc. has a 12 month low of $10.14 and a 12 month high of $20.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a 50 day simple moving average of $11.82 and a 200 day simple moving average of $13.89.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings data on Thursday, March 27th. The basic materials company reported ($0.32) EPS for the quarter.

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.