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Tuesday, September 28, 2021

The Case for Canada’s Seabridge Gold is Strong


The case fo Seabridge Gold (NASDAQ:SA): The company’s projects are in western and northern Canada. During Q-1, Seabridge announced a revised production outlook at its KSM project, in northern British Columbia. The new outlook includes a 44-yr plan to recover up to 19.6 oz of gold and 5.4-B lbs of copper.

SA shares broke out on 9 April and that the Bull run can extend. It marked the sell off low at 5.34 on 16 March, and closed Friday, 29 May at 15.51. The Support is Strong at 12.50 and the Resistance is Nil. My target price is 32/share, as the Key technical indicators are Very Bullish.

There are 3 recent Buy reviews, the analyst consensus on Seabridge is another unanimous Strong Buy. Shares are currently trading at 15.51, while the average price target is 28 incorporates the potential of the company’s gold reserves. and predicts a 100% Northside in the next 12 months.

Have a healthy week, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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