Synovus Financial Corp Invests $218,000 in Seabridge Gold Inc. (NYSE:SA)

Synovus Financial Corp purchased a new stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,000 shares of the basic materials company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently bought and sold shares of SA. CIBC Asset Management Inc increased its position in 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 worth $1,541,000 after acquiring an additional 959 shares during the period. Signaturefd LLC boosted its stake in shares of Seabridge Gold by 66.9% in 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 grew its stake 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. US Bancorp DE increased 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. Finally, ORG Partners LLC lifted its position in shares of Seabridge Gold by 735.6% during the third quarter. ORG Partners LLC now owns 1,880 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 1,655 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Trading Down 2.0 %

Shares of SA opened at $11.57 on Friday. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $20.55. The stock’s fifty day simple moving average is $15.68 and its 200-day simple moving average is $15.85. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.05 billion, a PE ratio of -46.28 and a beta of 1.07.

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.