Lee Danner & Bass Inc. Takes $70,000 Position in Seabridge Gold Inc. (NYSE:SA)

Lee Danner & Bass Inc. bought a new stake in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,116 shares of the basic materials company’s stock, valued at approximately $70,000.

Several other hedge funds have also recently made changes to their positions in SA. R Squared Ltd bought a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $28,000. HighTower Advisors LLC bought a new stake in shares of Seabridge Gold during the fourth quarter valued at approximately $118,000. Synovus Financial Corp bought a new stake in shares of Seabridge Gold during the third quarter valued at approximately $218,000. Avantax Advisory Services Inc. boosted its position in shares of Seabridge Gold by 6.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 850 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Seabridge Gold by 18.2% during the fourth quarter. Bleakley Financial Group LLC now owns 18,732 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 2,880 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Trading Down 1.5 %

Seabridge Gold stock opened at $11.89 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $11.85 and its two-hundred day simple moving average is $14.15. Seabridge Gold Inc. has a 12 month low of $10.14 and a 12 month high of $20.55. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -47.54 and a beta of 1.00.

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.