National Bank of Canada FI Reduces Holdings in Seabridge Gold Inc. (NYSE:SA)

National Bank of Canada FI reduced its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 21.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,499,334 shares of the basic materials company’s stock after selling 977,592 shares during the period. National Bank of Canada FI owned approximately 3.81% of Seabridge Gold worth $39,916,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SA. R Squared Ltd purchased a new position in Seabridge Gold in the fourth quarter valued at about $28,000. Lee Danner & Bass Inc. acquired a new position in shares of Seabridge Gold in the 4th quarter valued at approximately $70,000. HighTower Advisors LLC purchased a new position in shares of Seabridge Gold during the 4th quarter valued at approximately $118,000. Synovus Financial Corp acquired a new stake in shares of Seabridge Gold during the third quarter worth approximately $218,000. Finally, Avantax Advisory Services Inc. increased its stake in shares of Seabridge Gold by 6.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company’s stock worth $167,000 after buying an additional 850 shares during the last quarter. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Trading Down 1.7 %

SA opened at $11.26 on Thursday. 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 stock has a market capitalization of $1.13 billion, a PE ratio of -45.04 and a beta of 1.00. The firm’s fifty day moving average price is $11.81 and its 200 day moving average price is $13.87.

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

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.