5 Mining Stocks to Buy Now According to David Iben’s Kopernik Global Investors

3. Seabridge Gold Inc. (NYSE:SA)

Kopernik Global Investors Stake Value: $35,712,000
Percentage of Kopernik Global Investors’ 13F Portfolio: 4%
Number of Hedge Fund Holders: 10

Seabridge Gold Inc. (NYSE:SA) is a Canadian company that develops the Kerr Sulphurets Mitchell mine in northwest British Columbia, which primarily supplies gold, copper, and silver. David Iben is one of Seabridge Gold Inc. (NYSE:SA)’s largest investors as of the third quarter of 2021. He strengthened his position in Seabridge Gold Inc. (NYSE:SA) by buying 221,893 additional shares in Q3. This makes his stake in Seabridge Gold Inc. (NYSE:SA) amount to 2.31 million shares, worth $35.71 million.

Seabridge Gold Inc. (NYSE:SA)’s posted a loss per share of $0.01 in the third quarter of 2021, beating the estimates by $0.03. On September 30, 2021, the company’s working capital position was C$41.6 million, up from C$36.0 million on December 31, 2020.

Out of the 867 hedge funds tracked by Insider Monkey, 10 hedge funds held stakes in Seabridge Gold Inc. (NYSE:SA) in the third quarter of 2021, worth $105.76 million. 11 hedge funds were bullish on the stock, with stakes worth $120.77 million in the previous quarter.