Seabridge Gold Inc. (NYSE:SA) Position Boosted by Knoll Capital Management LLC

Knoll Capital Management LLC grew its holdings in shares of Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 28.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 317,003 shares of the basic materials company’s stock after buying an additional 70,406 shares during the period. Seabridge Gold accounts for 2.6% of Knoll Capital Management LLC’s portfolio, making the stock its 9th biggest position. Knoll Capital Management LLC owned approximately 0.35% of Seabridge Gold worth $5,322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SA. CANADA LIFE ASSURANCE Co grew its stake in Seabridge Gold by 327.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 27,109 shares of the basic materials company’s stock worth $401,000 after purchasing an additional 20,763 shares during the period. Virtu Financial LLC purchased a new stake in Seabridge Gold in the first quarter worth about $191,000. Confluence Investment Management LLC increased its position in Seabridge Gold by 3.4% in the second quarter. Confluence Investment Management LLC now owns 38,662 shares of the basic materials company’s stock worth $529,000 after buying an additional 1,285 shares in the last quarter. Mather Group LLC. purchased a new stake in Seabridge Gold in the second quarter worth about $40,000. Finally, Simplicity Wealth LLC grew its position in shares of Seabridge Gold by 1.2% during the second quarter. Simplicity Wealth LLC now owns 164,086 shares of the basic materials company’s stock worth $2,246,000 after purchasing an additional 1,883 shares in the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Price Performance

Shares of SA stock opened at $14.34 on Friday. The stock has a 50 day moving average price of $16.78 and a 200 day moving average price of $16.04. Seabridge Gold Inc. has a 52-week low of $9.31 and a 52-week high of $20.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.28 and a current ratio of 2.28. The firm has a market capitalization of $1.31 billion, a P/E ratio of -57.36 and a beta of 1.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Seabridge Gold to a “sell” rating in a research note on Monday, August 19th.

About Seabridge Gold

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.