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The latest announcement is out from Seabridge Gold ( (TSE:SEA) ).
Seabridge Gold held its annual general meeting of shareholders, where all proposed matters were approved, including the election of directors and the appointment of KPMG LLP as auditors. The meeting also marked the departure of long-time board members Jay Layman and Eliseo Gonzalez Urien, who will continue as board advisors for a year, and the addition of Colin Joudrie to the board, bringing over 35 years of mining industry experience. These changes are expected to influence the company’s strategic direction and project management.
The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Seabridge Gold stock, see the TSE:SEA Stock Forecast page.
Spark’s Take on TSE:SEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SEA is a Neutral.
Seabridge Gold’s overall stock score reflects significant financial challenges, marked by zero revenue and persistent losses. While technical indicators are neutral, the company’s valuation remains unattractive due to ongoing losses and no dividends. However, recent corporate events, including a legal victory and secured financing, provide a positive outlook for strategic projects.
To see Spark’s full report on TSE:SEA stock, click here.
More about Seabridge Gold
Seabridge Gold is a mining company that holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in British Columbia’s ‘Golden Triangle’, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Nevada, and the 3 Aces project in the Yukon Territory.
Average Trading Volume: 135,051
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.97B
Learn more about SEA stock on TipRanks’ Stock Analysis page.