Credit Suisse AG lowered its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 37.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,093 shares of the basic materials company’s stock after selling 60,699 shares during the period. Credit Suisse AG owned about 0.19% of Seabridge Gold worth $1,134,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SA. Van ECK Associates Corp raised its position in shares of Seabridge Gold by 41.1% in the first quarter. Van ECK Associates Corp now owns 5,602,424 shares of the basic materials company’s stock valued at $61,627,000 after buying an additional 1,631,704 shares during the last quarter. FMR LLC raised its position in shares of Seabridge Gold by 11.5% in the first quarter. FMR LLC now owns 1,419,090 shares of the basic materials company’s stock valued at $15,610,000 after buying an additional 146,083 shares during the last quarter. Norges Bank acquired a new position in shares of Seabridge Gold during the fourth quarter valued at approximately $1,052,000. Russell Investments Group Ltd. raised its position in shares of Seabridge Gold by 9.5% in the first quarter. Russell Investments Group Ltd. now owns 659,571 shares of the basic materials company’s stock valued at $7,239,000 after buying an additional 57,063 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Seabridge Gold during the first quarter valued at approximately $614,000. 26.89% of the stock is owned by institutional investors and hedge funds.
Shares of Seabridge Gold, Inc. (NYSE:SA) traded down 2.54% on Friday, hitting $11.50. The stock had a trading volume of 828,233 shares. The firm has a 50-day moving average price of $11.27 and a 200-day moving average price of $10.85. Seabridge Gold, Inc. has a 52 week low of $7.35 and a 52 week high of $12.87. The stock’s market capitalization is $660.30 million.
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Several research analysts have recently commented on the company. BidaskClub lowered Seabridge Gold from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research lowered Seabridge Gold from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th.
About Seabridge Gold
Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
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