Tidal Investments LLC Has $31.44 Million Stock Holdings in Seabridge Gold Inc. (NYSE:SA)

Tidal Investments LLC decreased its stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,755,267 shares of the basic materials company’s stock after selling 12,307 shares during the period. Tidal Investments LLC owned 3.00% of Seabridge Gold worth $31,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new position in Seabridge Gold during the 4th quarter worth about $478,000. Millennium Management LLC lifted its position in Seabridge Gold by 121.8% during the 4th quarter. Millennium Management LLC now owns 318,803 shares of the basic materials company’s stock worth $3,638,000 after buying an additional 175,078 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Seabridge Gold during the 4th quarter worth about $138,000. D. E. Shaw & Co. Inc. lifted its position in Seabridge Gold by 28.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 250,600 shares of the basic materials company’s stock worth $2,859,000 after buying an additional 54,752 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Seabridge Gold by 61.6% during the 4th quarter. Deutsche Bank AG now owns 268,785 shares of the basic materials company’s stock worth $3,067,000 after buying an additional 102,459 shares in the last quarter. Institutional investors and hedge funds own 34.85% of the company’s stock.

Seabridge Gold Stock Down 1.8%

Shares of NYSE SA opened at $11.40 on Friday. The firm’s 50-day simple moving average is $11.81 and its 200 day simple moving average is $12.52. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -45.58 and a beta of 0.67. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. Seabridge Gold Inc. has a 12-month low of $9.40 and a 12-month high of $20.55.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings results on Tuesday, May 13th. The basic materials company reported $0.08 earnings per share (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.