The Manufacturers Life Insurance Company Has $1.60 Million Stock Holdings in Seabridge Gold Inc. (NYSE:SA)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 2.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 95,198 shares of the basic materials company’s stock after selling 2,317 shares during the period. The Manufacturers Life Insurance Company’s holdings in Seabridge Gold were worth $1,601,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Toronto Dominion Bank bought a new stake in shares of Seabridge Gold in the 2nd quarter worth about $13,720,000. Ontario Teachers Pension Plan Board increased its holdings in shares of Seabridge Gold by 20.7% during the third 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. Bank of Montreal Can raised its stake in shares of Seabridge Gold by 11.3% in the third quarter. Bank of Montreal Can now owns 449,331 shares of the basic materials company’s stock valued at $7,733,000 after acquiring an additional 45,516 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Seabridge Gold by 1.0% in the 2nd quarter. Van ECK Associates Corp now owns 3,717,871 shares of the basic materials company’s stock worth $50,898,000 after acquiring an additional 37,403 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Seabridge Gold during the 3rd quarter worth approximately $596,000. 34.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Seabridge Gold to a “sell” rating in a report on Monday, August 19th.

Seabridge Gold Trading Down 0.2 %

Shares of NYSE SA opened at $13.61 on Wednesday. Seabridge Gold Inc. has a 1-year low of $9.31 and a 1-year high of $20.55. The company has a 50-day moving average of $16.23 and a two-hundred day moving average of $15.99. The company has a market cap of $1.24 billion, a PE ratio of -54.42 and a beta of 1.07. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.59.

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.