Seabridge Gold Reports Promising Drilling Results at Snip North

Seabridge Gold ( (TSE:SEA) ) has shared an update.

Seabridge Gold has announced promising results from its latest drilling program at the Snip North target within the Iskut Project in British Columbia’s Golden Triangle. The company has completed 18,000 meters of drilling across 18 holes, revealing significant copper-gold porphyry mineralization. Encouraged by these results, Seabridge plans to expand the program with an additional 3,000 meters of drilling. The findings suggest a potential core zone with strong gold and copper grades, which could lead to a maiden resource estimate early next year. However, the full extent of the mineralization remains to be determined.

The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$40.00 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 operating in the precious metals industry, primarily focusing on the exploration and development of gold and copper deposits. The company is active in the Golden Triangle region of British Columbia, Canada, which is known for its rich mineral resources.

YTD Price Performance: 50.29%

Average Trading Volume: 109,465

Technical Sentiment Signal: Buy

Current Market Cap: C$2.66B

Find detailed analytics on SEA stock on TipRanks’ Stock Analysis page.