Seabridge Gold Inc. (NYSE:SA) fell 3.4% on Friday . The company traded as low as $12.93 and last traded at $12.95, with a volume of 352,942 shares changing hands. The stock had previously closed at $13.40.

The firm’s market cap is $700.55 million. The firm’s 50 day moving average price is $13.53 and its 200 day moving average price is $12.31.

A hedge fund recently raised its stake in Seabridge Gold stock. Bank of Montreal Can boosted its position in shares of Seabridge Gold Inc. (NYSE:SA) by 15,757.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 205,829 shares of the company’s stock after buying an additional 204,531 shares during the period. Bank of Montreal Can owned approximately 0.40% of Seabridge Gold worth $1,707,000 at the end of the most recent quarter.

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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