Dec. 24 at 5:56 AM
$SEA.TSX
$SA
"According to TheFly, Nick Giles, an analyst from B. Riley, reiterated his bullish stance on the stock with a Buy rating and raised his price target from
$50 to
$65 on December 2. The analyst cited two factors supporting his positive thesis. The first was sustained strength in gold prices, a key macro tailwind that improved the economic attractiveness of the company’s large-scale, undeveloped deposits. Additionally, he highlighted continued progress on the Kerr-Sulphurets-Mitchell (KSM) project. Giles noted that recent updates on this project and active joint-venture discussions could increase visibility into the development while mitigating funding and execution risks for Seabridge.
The KSM project is widely regarded as the world’s largest undeveloped gold project and has a significant copper resource. It is a proposed gold, copper, silver, and molybdenum mine with an Environmental Assessment-approved mine life exceeding 50 years.
https://finance.yahoo.com/news/analysts-remain-bullish-seabridge-gold-123113186.html