Seabridge Gold Target of Unusually Large Options Trading (NYSE:SA)

Seabridge Gold Inc. (NYSE:SA) (TSE:SEA) was the target of some unusual options trading activity on Monday. Stock traders bought 8,983 call options on the stock. This represents an increase of approximately 307% compared to the typical volume of 2,205 call options.

Hedge Funds Weigh In On Seabridge Gold

Large investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its stake in Seabridge Gold by 6.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,672 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 850 shares during the last quarter. Nebula Research & Development LLC boosted its holdings in Seabridge Gold by 6.9% during the 4th quarter. Nebula Research & Development LLC now owns 13,681 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 881 shares during the period. Geneos Wealth Management Inc. grew its position in Seabridge Gold by 2.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 47,770 shares of the basic materials company’s stock valued at $545,000 after acquiring an additional 1,067 shares during the last quarter. NewEdge Advisors LLC increased its stake in Seabridge Gold by 1.4% in the fourth quarter. NewEdge Advisors LLC now owns 83,622 shares of the basic materials company’s stock worth $954,000 after purchasing an additional 1,125 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Seabridge Gold by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 37,649 shares of the basic materials company’s stock worth $434,000 after purchasing an additional 1,171 shares during the last quarter. 34.85% of the stock is owned by hedge funds and other institutional investors.

Seabridge Gold Stock Performance

Shares of NYSE:SA opened at $12.61 on Tuesday. The firm has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $13.26. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.26 billion, a P/E ratio of -50.44 and a beta of 1.01. Seabridge Gold has a 52 week low of $9.40 and a 52 week high of $20.55.

Seabridge Gold (NYSE:SA) (TSE:SEA) last issued its quarterly earnings data on Thursday, March 27th. The basic materials company reported ($0.32) earnings per share for the quarter.

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.