Invenomic Capital Management LP Trims Stake in Seabridge Gold Inc. (NYSE:SA)

Invenomic Capital Management LP lessened its position in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,093 shares of the basic materials company’s stock after selling 5,327 shares during the quarter. Invenomic Capital Management LP owned 0.08% of Seabridge Gold worth $1,014,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Kopernik Global Investors LLC increased its stake in Seabridge Gold by 16.9% in the 4th quarter. Kopernik Global Investors LLC now owns 3,189,304 shares of the basic materials company’s stock worth $38,686,000 after buying an additional 460,895 shares during the period. Ontario Teachers Pension Plan Board increased its position in shares of Seabridge Gold by 53.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 543,193 shares of the basic materials company’s stock worth $6,584,000 after acquiring an additional 189,096 shares during the period. Van ECK Associates Corp raised its stake in shares of Seabridge Gold by 5.1% during the first quarter. Van ECK Associates Corp now owns 3,680,468 shares of the basic materials company’s stock valued at $55,649,000 after acquiring an additional 178,672 shares in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Seabridge Gold in the first quarter valued at approximately $2,453,000. Finally, Raymond James & Associates increased its holdings in Seabridge Gold by 21.6% during the 4th quarter. Raymond James & Associates now owns 806,037 shares of the basic materials company’s stock worth $9,777,000 after purchasing an additional 143,321 shares during the period. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

Shares of SA stock traded up $0.01 during mid-day trading on Wednesday, hitting $16.58. The stock had a trading volume of 138,419 shares, compared to its average volume of 511,236. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.19 and a quick ratio of 3.19. Seabridge Gold Inc. has a 12-month low of $9.31 and a 12-month high of $16.98. The firm’s 50-day moving average is $14.77 and its two-hundred day moving average is $13.77.

Seabridge Gold (NYSE:SA) (TSE:SEA) last announced its quarterly earnings results on Monday, May 13th. The basic materials company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.10). Equities analysts anticipate that Seabridge Gold Inc. will post 0.1 EPS for the current fiscal year.

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.