Bank of Montreal Can acquired a new position in Seabridge Gold Inc. (NYSE:SA) during the second quarter, Holdings Channel reports. The firm acquired 256,109 shares of the company’s stock, valued at approximately $3,760,000.
A number of other large investors have also made changes to their positions in SA. Renaissance Technologies LLC raised its stake in shares of Seabridge Gold by 62.5% in the first quarter. Renaissance Technologies LLC now owns 154,800 shares of the company’s stock valued at $1,696,000 after buying an additional 59,560 shares in the last quarter. GWM Advisors LLC purchased a new stake in shares of Seabridge Gold during the second quarter valued at about $362,000. Royal Bank of Canada raised its stake in shares of Seabridge Gold by 35.3% in the first quarter. Royal Bank of Canada now owns 22,768 shares of the company’s stock valued at $250,000 after buying an additional 5,934 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its stake in shares of Seabridge Gold by 82.5% in the second quarter. Fox Run Management L.L.C. now owns 21,900 shares of the company’s stock valued at $321,000 after buying an additional 9,900 shares in the last quarter. Hedge funds and other institutional investors own 24.31% of the company’s stock.
Shares of Seabridge Gold Inc. (NYSE:SA) traded down 0.28% on Friday, hitting $10.61. The company had a trading volume of 544,807 shares. The firm’s market capitalization is $574.40 million. Seabridge Gold Inc. has a 12-month low of $5.46 and a 12-month high of $15.88. The firm has a 50 day moving average of $11.07 and a 200-day moving average of $12.81.
Separately, Zacks Investment Research lowered Seabridge Gold from a “hold” rating to a “sell” rating in a report on Thursday.
About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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