Royal Bank of Canada raised its stake in shares of Seabridge Gold, Inc. (NYSE:SA) (TSE:SEA) by 36.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,146 shares of the basic materials company’s stock after buying an additional 9,121 shares during the period. Royal Bank of Canada owned about 0.06% of Seabridge Gold worth $368,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. UBS Group AG raised its holdings in shares of Seabridge Gold by 14.9% during the 1st quarter. UBS Group AG now owns 11,978 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,553 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Seabridge Gold during the 2nd quarter valued at $219,000. Virtu KCG Holdings LLC raised its holdings in shares of Seabridge Gold by 359.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 49,941 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 39,072 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Seabridge Gold during the 2nd quarter valued at $540,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Seabridge Gold by 29.8% during the 1st quarter. Renaissance Technologies LLC now owns 66,700 shares of the basic materials company’s stock valued at $734,000 after purchasing an additional 15,300 shares in the last quarter. 26.05% of the stock is owned by institutional investors.

In related news, insider Iii Lloyd I. Miller purchased 43,500 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were bought at an average cost of $0.58 per share, for a total transaction of $25,230.00. Also, insider Iii Lloyd I. Miller purchased 92,000 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was bought at an average price of $0.58 per share, for a total transaction of $53,360.00. Insiders purchased a total of 306,750 shares of company stock worth $178,785 in the last quarter. Insiders own 12.75% of the company’s stock.

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Seabridge Gold, Inc. (NYSE SA) opened at $11.20 on Friday. Seabridge Gold, Inc. has a twelve month low of $7.35 and a twelve month high of $13.70.

A number of research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Seabridge Gold from a “hold” rating to a “sell” rating in a report on Monday, July 31st. ValuEngine upgraded shares of Seabridge Gold from a “sell” rating to a “hold” rating in a report on Thursday, August 24th.

Seabridge Gold Company Profile

Seabridge Gold Inc (Seabridge) is a development-stage company. The Company is engaged in the acquisition and exploration of gold properties located in North America. As of December 31, 2016, the Company owned six properties with gold resources. Its material properties are its Kerr-Sulphurets-Mitchell (KSM) Project and its Courageous Lake Project.

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Institutional Ownership by Quarter for Seabridge Gold (NYSE:SA)

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