SA: Seabridge Gold Inc Stocks Losing Their

Shine?
Seabridge Gold Inc is a development stage company which has an entire group of subsidiaries.
It is engaged in acquisition and exploration of North America gold properties. Copper and silver
ores are also explored by this company.
The principal projects of the company include the Courageous Lake project and the KerrSulphurets-Mitchell property. Company was previously known as Seabridge Resources Inc and
made the transition to Seabridge Gold Inc in June 2002.
Seabridge Gold Inc was founded in 1979 and is headquartered in Toronto, Canada. Seabridge
Gold Inc is a development stage company engaged in exploration and acquisition of North
American gold properties. Company is associated with acquiring, exploring and developing gold
deposits. Seabridge has currently entered into a Plan of Arrangement to acquire SnipGold.
Seabridge announced a mineral resource estimate for the Deep Kerr deposit at the KS project in
Canada as well. Seabridge will be acquiring all the issued and outstanding common shares of
SnipGold Corp through a Plan of Arrangement. Increasing gold resources per share will now be
easy for SA.
Analysis of Results
According to Seabridge's website, during the three month period closing March 31, 2016 the
company posted a loss of US$2.5 million at $0.05 per share consistent with loss of US $2.5
million for the same period in the previous year.
During Q1, Seabridge invested US $3.5 million in mineral interests primarily at KSM as against
US $2.4 million during Q1, 2015. At March 31, 2016, net working capital was US $14.0 million
as against US $17.8 million at December 31, 2015.
Towards the close of the quarter, two equity financings had been arranged by Seabridge.
However, in recent times, the Seabridge Gold Inc stock has been a huge mover.
Seabridge Gold Inc (NYSE: SA) has grown by 74.44 percent since November 2015 and is going
largely positive and outperforming the S&P500 by a considerable margin. Analysts are awaiting
the August 11 report to see the nature of earnings.
Meanwhile, Zacks Investment Research has held that "Seabridge Gold is a global leader in
gold and mining listings." Given the dynamic situation in which Micron Technology Inc is
moving, investors would recommend a moderate BUY given the growth possibilities of this
stock.

But caution is advisable given the volatility of the market though Micron Technology is a leader
in the gold segment.
Conclusion
Seabridge Gold is known for its extensive projects and positive prospects. But the company had
been struggling in the recent past and has only broken out into profits in recent times. Given the
huge scope of the projects it is implementing, Seabridge Gold as a huge potential for growth.
Investors would do well to tap it.
Photo Sources: Wikipedia

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