JPMorgan Chase & Co. Sells 79,539 Shares of Seabridge Gold Inc. (NYSE:SA)

JPMorgan Chase & Co. lowered its stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 76.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,185 shares of the basic materials company’s stock after selling 79,539 shares during the quarter. JPMorgan Chase & Co.’s holdings in Seabridge Gold were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in Seabridge Gold by 0.7% in the 3rd quarter. Van ECK Associates Corp now owns 3,743,332 shares of the basic materials company’s stock worth $62,851,000 after acquiring an additional 25,461 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Seabridge Gold by 26.1% in the third quarter. Tidal Investments LLC now owns 2,767,574 shares of the basic materials company’s stock worth $46,468,000 after purchasing an additional 573,400 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Seabridge Gold by 0.4% during the 3rd quarter. Toronto Dominion Bank now owns 1,005,928 shares of the basic materials company’s stock valued at $16,890,000 after purchasing an additional 3,734 shares during the period. Raymond James & Associates boosted its holdings in Seabridge Gold by 0.4% in the 3rd quarter. Raymond James & Associates now owns 866,186 shares of the basic materials company’s stock worth $14,543,000 after buying an additional 3,464 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in Seabridge Gold by 20.7% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 862,077 shares of the basic materials company’s stock worth $14,493,000 after buying an additional 148,088 shares in the last quarter. Institutional investors own 34.85% of the company’s stock.

Seabridge Gold Price Performance

NYSE:SA opened at $11.95 on Thursday. The stock has a market cap of $1.10 billion, a PE ratio of -47.80 and a beta of 1.10. 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 business’s 50-day simple moving average is $12.64 and its two-hundred day simple moving average is $15.34. Seabridge Gold Inc. has a 52 week low of $9.31 and a 52 week high of $20.55.

Seabridge Gold 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.