Van ECK Associates Corp Boosts Stake in Seabridge Gold, Inc. (SA)
Van ECK Associates Corp lifted its position in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 16.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,274,455 shares of the basic materials company’s stock after acquiring an additional 457,148 shares during the quarter. Van ECK Associates Corp owned approximately 5.70% of Seabridge Gold worth $39,948,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SA. UBS Group AG grew its stake in shares of Seabridge Gold by 14.9% during the 1st quarter. UBS Group AG now owns 11,978 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 1,553 shares during the period. Timber Hill LLC bought a new position in shares of Seabridge Gold during the 3rd quarter worth $194,000. Quantitative Investment Management LLC bought a new position in shares of Seabridge Gold during the 2nd quarter worth $219,000. Royal Bank of Canada grew its stake in shares of Seabridge Gold by 36.4% during the 2nd quarter. Royal Bank of Canada now owns 34,146 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 9,121 shares during the period. Finally, U S Global Investors Inc. bought a new position in shares of Seabridge Gold during the 2nd quarter worth $519,000. Institutional investors own 26.82% of the company’s stock.
In related news, insider Iii Lloyd I. Miller bought 92,000 shares of the business’s stock in a transaction on Friday, October 6th. The stock was acquired at an average price of $0.58 per share, for a total transaction of $53,360.00. Also, insider Iii Lloyd I. Miller bought 43,500 shares of the business’s stock in a transaction on Friday, October 20th. The stock was bought at an average price of $0.58 per share, with a total value of $25,230.00. In the last 90 days, insiders acquired 227,750 shares of company stock valued at $132,640. 12.75% of the stock is owned by corporate insiders.
Shares of Seabridge Gold, Inc. (NYSE SA) traded down $0.15 during midday trading on Friday, reaching $11.05. The company’s stock had a trading volume of 106,434 shares, compared to its average volume of 448,056. Seabridge Gold, Inc. has a fifty-two week low of $7.35 and a fifty-two week high of $13.70.
Several research analysts have recently weighed in on SA shares. ValuEngine upgraded Seabridge Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub downgraded Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Monday, July 31st.
WARNING: This report was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.watchlistnews.com/van-eck-associates-corp-boosts-stake-in-seabridge-gold-inc-sa/1726008.html.
Seabridge Gold Company Profile
Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.
Want to see what other hedge funds are holding SA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA).
Receive News & Ratings for Seabridge Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seabridge Gold Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.