Seabridge Gold Analyst Report: Short-Term Strength, Long-Term Potential by BrokerBank Securities, Inc.
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:
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