Canada's Seabridge Gold Q2 net income jumps on Courageous Lake project gain
SA•Analyst coverage and price target
The current average analyst rating on the shares is "buy", with 3 recommendations of "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the gold peer group is "buy". Wall Street's median 12-month price target for Seabridge Gold Inc. is $54.00, about 67.9% above its August 13 closing price of $32.17.
Investment at KSM and new credit facility
The company invested $32.5 million in mineral interests and property during the quarter, increasing investment in mineral interests, property and equipment at its KSM project.
It also arranged a US$100 million credit facility to support KSM project investments. The company said it intends to draw on the loan if required to strengthen liquidity.
