Cubist Systematic Strategies LLC Raises Stock Holdings in Seabridge Gold Inc. (NYSE:SA)

Cubist Systematic Strategies LLC grew its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 76.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,288 shares of the basic materials company’s stock after buying an additional 121,840 shares during the period. Cubist Systematic Strategies LLC owned 0.30% of Seabridge Gold worth $3,198,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SA. R Squared Ltd bought a new position in shares of Seabridge Gold in the fourth quarter worth about $28,000. Lee Danner & Bass Inc. bought a new position in Seabridge Gold in the 4th quarter worth approximately $70,000. HighTower Advisors LLC purchased a new stake in Seabridge Gold during the 4th quarter valued at approximately $118,000. Uniting Wealth Partners LLC purchased a new position in shares of Seabridge Gold in the fourth quarter worth $139,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of Seabridge Gold during the fourth quarter worth $140,000. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

Shares of NYSE SA opened at $12.61 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -50.44 and a beta of 0.67. Seabridge Gold Inc. has a 52-week low of $9.40 and a 52-week high of $20.55. 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 firm’s fifty day moving average is $11.76 and its two-hundred day moving average is $12.77.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its earnings results on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share (EPS) for the quarter.

Seabridge Gold Company 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.