Synovus Financial Corp Takes Position in Seabridge Gold Inc. (NYSE:SA)

Synovus Financial Corp bought a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,000 shares of the basic materials company’s stock, valued at approximately $218,000.

Several other institutional investors have also bought and sold shares of SA. Toronto Dominion Bank purchased a new position in Seabridge Gold in the 2nd quarter worth approximately $13,720,000. Tidal Investments LLC boosted its position in Seabridge Gold by 26.1% during the 3rd quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company’s stock valued at $46,468,000 after acquiring an additional 573,400 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Seabridge Gold by 20.7% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company’s stock worth $14,493,000 after acquiring an additional 148,088 shares during the period. Crawford Fund Management LLC raised its position in shares of Seabridge Gold by 50.6% in the 3rd quarter. Crawford Fund Management LLC now owns 317,089 shares of the basic materials company’s stock worth $5,325,000 after acquiring an additional 106,500 shares in the last quarter. Finally, Knoll Capital Management LLC lifted its stake in shares of Seabridge Gold by 28.6% in the 3rd quarter. Knoll Capital Management LLC now owns 317,003 shares of the basic materials company’s stock valued at $5,322,000 after purchasing an additional 70,406 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Down 2.0 %

NYSE:SA opened at $11.57 on Friday. 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’s 50-day moving average price is $15.68 and its 200-day moving average price is $15.85. The company has a market capitalization of $1.05 billion, a PE ratio of -46.28 and a beta of 1.07. Seabridge Gold Inc. has a 1-year low of $9.31 and a 1-year high of $20.55.

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.