Ontario Teachers' Pension Plan Board acquired a new stake in Seabridge Gold, Inc. during the second quarter.
The pension fund purchased 1.75 million shares according to a Securities and Exchange Commission filing.
The investment is valued at approximately $45.0 million.
This position represents a 1.62% ownership stake in the company.
Total institutional ownership in Seabridge Gold now stands at 34.85%.
The Vanguard Group and Tidal Investments also recently increased their holdings in the firm.