Ontario Teachers Pension Plan Board Grows Stock Holdings in 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 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 862,077 shares of the basic materials company’s stock after purchasing an additional 148,088 shares during the period. Seabridge Gold makes up 0.1% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 25th biggest position. Ontario Teachers Pension Plan Board’s holdings in Seabridge Gold were worth $14,493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC grew its position in shares of Seabridge Gold by 735.6% during the 3rd quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 1,655 shares during the period. US Bancorp DE grew its holdings in Seabridge Gold by 116.7% in the third quarter. US Bancorp DE now owns 2,232 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 1,202 shares during the period. Mather Group LLC. acquired a new stake in Seabridge Gold in the second quarter valued at approximately $40,000. Signaturefd LLC raised its stake in shares of Seabridge Gold by 66.9% during the 3rd quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock worth $47,000 after buying an additional 1,112 shares during the period. Finally, Perkins Coie Trust Co purchased a new position in shares of Seabridge Gold during the 2nd quarter valued at approximately $93,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Seabridge Gold Trading Up 1.5 %

Shares of SA opened at $14.91 on Wednesday. The stock has a market cap of $1.35 billion, a PE ratio of -59.64 and a beta of 1.13. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $20.55. The firm’s fifty day moving average is $17.16 and its two-hundred day moving average is $16.08. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59.

Analysts Set New Price Targets

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

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.