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Seabridge Gold (SA) Shows Strength: Stock Rises 9.2%

Seabridge Gold, Inc. SA was a big mover last session with its shares rising over 9% on the day. The upside came on the company’s announcement that its Independent Geotechnical Review Board has completed its first review of the KSM Project’s Tailing Management Facility (TMF) and Water Storage Dam (WSD) and concluded that the designs are appropriate. This development led to far more shares changing hands yesterday than in a normal session. The move continues the recent uptrend of the company as the stock has gained nearly 45% in the past one-month time frame.

This company engaged in the acquisition and exploration of gold properties located in North America has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Seabridge Gold currently has a Zacks Rank #3 (Hold) and its Earnings ESP is 0.00%.

Investors interested in gold mining stocks may consider Vista Gold Corp. VGZ that carries a Zacks Rank #1 (Strong Buy).

Is SA going up? Or down? Predict to see what others think: Up or Down

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SEABRIDGE GOLD (SA): Free Stock Analysis Report
 
VISTA GOLD CORP (VGZ): Free Stock Analysis Report
 
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