NEW YORK, April 7, 2014 /PRNewswire/ -- Seabridge Gold, Inc. (NYSE: SA) is the subject of a new analyst research report. While gold prices continued to rise into 2012 before losing ground, gold mining companies have experienced three consecutive down years in 2011, 2012 and 2013. As this is quite rare for any sector or industry, it should not be a shock that 2014 has been considerably better for this asset class. In fact, through the first quarter of this year, equity precious metals have gained roughly 14% while the gold miners ETF, GDX, has gained close to 12%. For gold bulls, this year's gains have been a welcome relief, while gold bears maintain this is just a short-term bounce-back from depressed levels.
Analysts and investors alike are mixed on the outlook for gold and gold miners going forward. Although general market volatility (as captured by the VIX Index) has come down considerably since early February, it would not be shocking to see volatility (and gold prices) pick up again in the near future – especially given the ever-changing situation in the Ukraine and elsewhere. Given gold's two main functions – an inflation hedge and a "safe-haven" asset class – it is entirely possible that one or both of these functions will come into play in the short- and long-term. In the short-term, geopolitical risks such as the recent events in the Ukraine, Syria, etc. would likely propel gold prices higher; while over the longer-term, the effects of easy monetary policies across the world will likely increase inflation pressures and therefore, investor demand for gold. Since gold mining companies generally exaggerate the trends in the underlying metals themselves – both on the upside and the downside – they should benefit to an even greater degree should the price and demand of gold rise in the future.
One of the more interesting gold mining companies is Seabridge Gold, a development stage company engaged in the acquisition and exploration of gold, copper, silver and molybdenum ores. The company's primary focus is on gold and from 1999 through 2002, they acquired 9 North American projects with substantial gold resources including Courageous Lake and KSM. The KSM project is located near Stewart, British Columbia, Canada, while the Courageous Lake gold project is located in Canada's Northwest Territories. The company specifically looks to increase its gold ounces in the ground but not go into production on its own by either selling projects or participating in joint ventures towards production with major mining companies.
A full in-depth analyst report on SA that includes risk factors, industry review, financial position, potential revenues, review of current business model, competition breakdown, analyst summary, and recommendation can be viewed by using the following link at no cost:
Copy and paste to browser may be required
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward- looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Michael Maggi, CFA. An outsourced research services provider represented by Michael Maggi, CFA, provided Small Cap Street, LLC this article or report. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. Small Cap Street, LLC and BrokerBank Securities, Inc. are not entitled to veto, interfere or alter the articles, documents or report once created and reviewed by the outsourced research provider represented by Michael Maggi, CFA.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at firstname.lastname@example.org. For any urgent concerns or inquiries, please contact us at email@example.com.
NO WARRANTY OR LIABILITY ASSUMED
SA has not compensated Small Cap Street, LLC, BrokerBank Securities, Inc., or Michael Maggi, CFA for the creation or dissemination of this report. Small Cap Street, LLC and BrokerBank Securities, Inc., is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. Small Cap Street, LLC and BrokerBank Securities, Inc. do not hold any positions in SA. No liability is accepted by Small Cap Street, LLC and BrokerBank Securities, Inc. whatsoever for any direct, indirect or consequential loss arising from the use of this document. Small Cap Street, LLC and BrokerBank Securities, Inc. expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Small Cap Street, LLC and BrokerBank Securities, Inc. do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
Small Cap Street, LLC is the party responsible for hosting the full analyst report. BrokerBank Securities in the party responsible for issuing the press release and Michael Maggi, CFA, is the author of research report. Small Cap Street, LLC has compensated Michael Maggi, CFA two hundred dollars and fifty dollars for the right to disseminate this report. BrokerBank Securities has been compensated one hundred dollars to issue press release by Small Cap Street, LLC. Information in this release is fact checked and produced on a best efforts basis by Michael Maggi, CFA.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.