Seabridge Gold Inc. (NYSE:SA) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 17.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,500 shares of the basic materials company’s stock after acquiring an additional 3,704 shares during the period. ExodusPoint Capital Management LP’s holdings in Seabridge Gold were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Seabridge Gold during the 4th quarter valued at approximately $28,000. Lee Danner & Bass Inc. bought a new position in Seabridge Gold during the 4th quarter valued at $70,000. HighTower Advisors LLC bought a new position in Seabridge Gold during the 4th quarter valued at $118,000. Avantax Advisory Services Inc. grew its holdings in Seabridge Gold by 6.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 850 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Seabridge Gold by 18.2% in the 4th quarter. Bleakley Financial Group LLC now owns 18,732 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 2,880 shares in the last quarter. Hedge funds and other institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Performance

Shares of SA stock opened at $12.48 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -49.92 and a beta of 1.01. Seabridge Gold Inc. has a one year low of $9.40 and a one year high of $20.55. The company’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $13.44.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results 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.