Seabridge Gold Inc. rises amid LaFleur Minerals' financing news
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 11 2025
0mins
Should l Buy SA?
Seabridge Gold Inc. saw a price increase of 6.29% as it crossed above its 5-day SMA, despite the broader market decline with the Nasdaq-100 down 2.00% and S&P 500 down 1.97%.
The rise in Seabridge's stock can be attributed to the positive developments surrounding LaFleur Minerals, which secured $7.8 million in financing to restart production at the Beacon Gold Mill. This financing marks a significant transition for LaFleur from exploration to production, potentially enhancing the overall market sentiment towards gold mining companies, including Seabridge Gold.
This upward movement in Seabridge's stock reflects investor optimism in the gold sector, particularly as LaFleur's successful financing could lead to increased production and profitability in the industry, benefiting related companies.
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Analyst Views on SA
Wall Street analysts forecast SA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SA is 64.00 USD with a low forecast of 63.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 28.100
Low
63.00
Averages
64.00
High
65.00
Current: 28.100
Low
63.00
Averages
64.00
High
65.00
About SA
Seabridge Gold Inc. is a company engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States of America. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project and its Iskut project, are located in British Columbia, Canada’s Golden Triangle. The Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the three aces project are located in the Yukon Territory. The KSM Project is an undeveloped gold project. Iskut is a 294-square-kilometer property located approximately 20 kilometers (km) east of KSM. 3 Aces is a 314-square-kilometer property located in southeastern Yukon. The project is a district-scale, orogenic gold project. Snowstorm is a 103 square kilometer property located at the intersection of three major Nevada gold belts. Grassy Mountain is its non-core asset.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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