Seabridge Gold (SA) Receives Analyst Rating

Seabridge Gold (SA) : 1 analysts are covering Seabridge Gold (SA) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Seabridge Gold (NYSE:SA): The stock opened in the green at $11.09 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.345 and a low of $10.91 for the day. The stock did not find buyers even at the lows and closed at $11.12 recording a loss of -0.36%. 743,912 shares exchanged hands during the trading day. The stock had closed at $11.16 in the previous days trading.

Seabridge Gold Inc. (Seabridge) is a development stage company engaged in the acquisition and exploration of gold properties located in North America. The Companys objective is to provide its shareholders with leverage to a rising gold price. Seabridges principal projects include the KSM (Kerr-Sulphurets-Mitchell) property located in British Columbia and the Courageous Lake property located in the Northwest Territories. The KSM property consists of three discontinuous claim blocks, which include the KSM claim group, the Seabee/Tina claims and the KSM placer claim block. The first two claim blocks (KSM and Seabee/Tina) contain two mineral leases and 71 mineral claims, consisting of both cell and legacy claims. The total area of the first two claim blocks is 50,500 hectares. The Courageous Lake Project is a gold project and consists of 61 federal mining leases, 26 federal mining claims and one optioned federal mining lease (Red 25) having a combined area of 124,189.9 acres.

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