Seabridge Gold Inc. (NYSE:SA)’s share price was down 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 traded. The stock had previously closed at $13.40.

The firm has a 50-day moving average price of $13.48 and a 200-day moving average price of $12.35. The company’s market cap is $700.55 million.

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

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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