Trading Report: Today, 78,917 Shares of Seabridge Gold Inc. (SA) are sold by Alps Advisors Inc.

Today, 78,917 Shares of Seabridge Gold Inc. (SA) are sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its stake in Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) by 35.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,397 shares of the company’s stock after selling 78,917 shares during the period. Alps Advisors Inc.’s holdings in Seabridge Gold were worth $1,582,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SA. GWM Advisors LLC purchased a new stake in shares of Seabridge Gold during the second quarter valued at about $362,000. Fox Run Management L.L.C. raised its stake in shares of Seabridge Gold by 82.5% in the second quarter. Fox Run Management L.L.C. now owns 21,900 shares of the company’s stock valued at $321,000 after buying an additional 9,900 shares during the period. Bank of Montreal Can purchased a new stake in shares of Seabridge Gold during the second quarter valued at about $3,760,000. Prospera Financial Services Inc raised its stake in shares of Seabridge Gold by 156.9% in the second quarter. Prospera Financial Services Inc now owns 52,986 shares of the company’s stock valued at $778,000 after buying an additional 32,361 shares during the period. Finally, California Public Employees Retirement System purchased a new stake in shares of Seabridge Gold during the second quarter valued at about $436,000. 29.20% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Inc. (NYSE:SA) traded up 3.80% during midday trading on Monday, hitting $9.55. The stock had a trading volume of 506,269 shares. The stock’s 50-day moving average is $10.41 and its 200-day moving average is $12.15. Seabridge Gold Inc. has a 1-year low of $5.46 and a 1-year high of $15.88. The company’s market capitalization is $517.47 million.

Separately, Zacks Investment Research lowered Seabridge Gold from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th.

Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company engaged in the acquisition and exploration of gold properties located in North America. The Company is focused on acquiring, exploring and developing gold deposits. The Company owns over five properties with gold resources and its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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