Ontario Teachers Pension Plan Board Acquires 148,088 Shares of Seabridge Gold Inc. (NYSE:SA)

Ontario Teachers Pension Plan Board increased its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 20.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 862,077 shares of the basic materials company’s stock after acquiring an additional 148,088 shares during the period. Seabridge Gold comprises 0.1% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 25th biggest position. Ontario Teachers Pension Plan Board owned about 0.95% of Seabridge Gold worth $14,493,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in Seabridge Gold during the 1st quarter valued at about $17,419,000. Toronto Dominion Bank bought a new position in Seabridge Gold in the second quarter worth approximately $13,720,000. Van ECK Associates Corp raised its position in Seabridge Gold by 1.0% during the 2nd quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company’s stock valued at $50,898,000 after purchasing an additional 37,403 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Seabridge Gold in the 3rd quarter worth $596,000. Finally, Penbrook Management LLC lifted its holdings in shares of Seabridge Gold by 46.1% in the 2nd quarter. Penbrook Management LLC now owns 111,095 shares of the basic materials company’s stock worth $1,521,000 after buying an additional 35,075 shares during the period. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

SA opened at $14.91 on Wednesday. The firm has a market capitalization of $1.35 billion, a PE ratio of -59.64 and a beta of 1.13. 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 business’s 50-day moving average is $17.16 and its two-hundred day moving average is $16.08. Seabridge Gold Inc. has a 1 year low of $9.31 and a 1 year high of $20.55.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

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.