| Seabridge Gold's Stock Could Hit $14, Another Deposit Site Extended | |
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In a report published Friday, Singular Research analyst Jeffrey Briggs reiterated a Buy rating and $14.00 price target on shares of Seabridge Gold, Inc. (USA) (NYSE: SA), after the company announced positive drilling results in relation to the Deep Kerr deposit, which includes a considerable extension to the current boundary.
Same as in the case of the recently-announced extension of the Mitchell deposit, the expansion of the Deep Kerr deposit represents an “opportunity for continued increase in mineral resource at KSM,” the firm explained.
Given that removing selenium from water would be a potential issue in processing ore at the KSM Project, British Columbia required Seabridge to test a pilot plant before providing it with environmental clearance. The company recently completed the pilot successfully, aided by a Canadian environmental firm.
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Deep Kerr
The aforementioned drill hole at Deep Kerr was extended 400 meters below the “previous hole that was near the lower end of the resource as currently defined. This means the new drill hole will provide information that will likely lead to an upgrade of the Deep Kerr resource estimate,” the report concluded.
Shares of Seabridge Gold are up more than 10 percent on Friday trading.
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Seabridge Gold Inc.
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EN DÉVELOPPEMENT |
CODE : SA |
ISIN : CA8119161054 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Seabridge Gold est une société développant des projet miniers d'or basée au Canada. Seabridge Gold est en développement de projets d'or, d'argent, de cuivre et de molybdène au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en développement sont COURAGEOUS LAKE, SULPHURETS, KERR (KSM), RED MOUNTAIN, QUARTZ MOUNTAIN et MITCHELL ZONE au Canada et ses principaux projets en exploration sont KING'S RIVER, CASTLE-BLACK ROCK et HOG RANCH au Canada. Seabridge Gold est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 894,8 millions US$ (836,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 29 décembre 2000 à 0,12 US$, et son plus haut niveau récent le 25 avril 2024 à 15,57 US$. Seabridge Gold possède 57 467 118 actions en circulation. |