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Seabridge Gold ( (TSE:SEA) ) has issued an announcement.
Seabridge Gold has provided an update on the legal proceedings concerning its KSM project in British Columbia. The company has filed detailed submissions in response to petitions challenging the Environmental Assessment Office’s decision to grant the project a Substantially Started Designation. The Southeast Alaska Indigenous Transboundary Commission, one of the petitioners, has withdrawn from the proceedings, which may positively impact Seabridge’s position. The court hearing is scheduled for late September to early October 2025, and the company remains confident in its legal standing.
The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$35.00 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 Inc. is a company that holds a 100% interest in several North American gold projects. Its principal asset, the KSM project, along with the Iskut project, is located in Northwest British Columbia, Canada’s ‘Golden Triangle’. Other projects include the Courageous Lake project in Canada’s Northwest Territories, the Snowstorm project in Northern Nevada’s Getchell Gold Belt, and the 3 Aces project in the Yukon Territory.
Average Trading Volume: 109,966
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$2.51B
For an in-depth examination of SEA stock, go to TipRanks’ Overview page.