Van ECK Associates Corp Sells 289,361 Shares of Seabridge Gold Inc. (NYSE:SA)

Van ECK Associates Corp reduced its position in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 7.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,453,971 shares of the basic materials company’s stock after selling 289,361 shares during the period. Van ECK Associates Corp’s holdings in Seabridge Gold were worth $39,410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc increased its holdings in shares of Seabridge Gold by 1.1% during the third quarter. CIBC Asset Management Inc now owns 91,601 shares of the basic materials company’s stock valued at $1,541,000 after acquiring an additional 959 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Seabridge Gold by 2.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 47,770 shares of the basic materials company’s stock valued at $545,000 after purchasing an additional 1,067 shares in the last quarter. Signaturefd LLC increased its stake in Seabridge Gold by 66.9% during the 3rd quarter. Signaturefd LLC now owns 2,773 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,112 shares in the last quarter. Quantbot Technologies LP raised its holdings in Seabridge Gold by 3.9% during the third quarter. Quantbot Technologies LP now owns 30,899 shares of the basic materials company’s stock worth $519,000 after buying an additional 1,168 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of 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 buying an additional 1,202 shares in the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Stock Up 1.5 %

Shares of NYSE SA opened at $13.32 on Friday. 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 company has a 50-day moving average price of $12.32 and a 200-day moving average price of $15.18. The stock has a market capitalization of $1.22 billion, a P/E ratio of -53.26 and a beta of 1.11. Seabridge Gold Inc. has a 1 year low of $9.31 and a 1 year high of $20.55.

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.