Virtu Financial LLC Acquires Shares of Seabridge Gold Inc.

Virtu Financial LLC has made a notable investment by acquiring a new position in shares of Seabridge Gold Inc. (NYSE:SA - Free Report) during the fourth quarter. According to its most recent disclosure with the Securities and Exchange Commission (SEC), the firm purchased 25,060 shares of the basic materials company, valued at approximately $286,000.

In addition to Virtu Financial's acquisition, several other institutional investors and hedge funds have recently made adjustments to their positions in the company. For example, Tidal Investments LLC increased its stake in Seabridge Gold by 26.1% in the third quarter, and now owns 2,767,574 shares worth $46,468,000 after adding 573,400 shares during that period. Furthermore, Raymond James Financial Inc. took a new position in Seabridge Gold in the fourth quarter, investing roughly $12,676,000.

Toronto Dominion Bank also enhanced its stake by 0.4% in the third quarter, resulting in ownership of 1,005,928 shares valued at $16,890,000, following the acquisition of 3,734 additional shares. Similarly, Amundi increased its holdings in Seabridge Gold by 15.3% in the fourth quarter, now possessing 648,968 shares worth $7,736,000 after purchasing another 86,046 shares. Lastly, Bank of Montreal Can raised its position by 11.3% in the third quarter, holding 449,331 shares valued at $7,733,000 after acquiring 45,516 additional shares. It's worth noting that institutional investors collectively own 34.85% of Seabridge Gold's stock.

Seabridge Gold Stock Performance

On Friday, shares of Seabridge Gold opened at $12.29. The company has experienced a twelve-month low of $10.14 and a high of $20.55. Currently, its fifty-day moving average stands at $11.85, while the two-hundred-day moving average is $14.04. Seabridge Gold boasts a market capitalization of $1.23 billion, a price-to-earnings (P/E) ratio of -49.17, and a beta of 1.00. Financially, the company has a quick ratio and current ratio, both at 2.28, and a debt-to-equity ratio of 0.59.

Overview of Seabridge Gold

Seabridge Gold Inc., along with its subsidiaries, is involved in acquiring and exploring gold properties throughout North America. The company also investigates deposits of other precious metals, including gold, copper, silver, and molybdenum. Originally known as Seabridge Resources Inc., it rebranded to Seabridge Gold Inc. in June 2002.

Investment Considerations

Before diving into Seabridge Gold, investors should conduct thorough research. While top analysts have described Seabridge Gold as a Hold, they have identified several alternative stocks that may present better buying opportunities. Keep abreast of the market dynamics and consider risk factors before making investment decisions.

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