SEA:CC - Seabridge Still An Effective Call Option On Gold And Copper Prices
2024-02-22 15:09:48 ET
Summary
- Seabridge Gold Inc. has risen 15% on heavy volume in February despite weak gold-mining industry trading.
- The company offers tremendous leverage to gold and copper pricing with a resource base spread out over multiple projects, mostly in Canada.
- Seabridge has the potential to be an oversized gainer for investors, if gold and/or copper prices embark on a multi-year uptrend in 2024.
One stock seeing a noticeable jump in buying interest over the last week is precious metals explorer Seabridge Gold Inc. ( SA ). Shares have risen +15% on heavy volume in the face of weak gold-mining industry trading generally. It could be CEO Rudi Fronk has finally found a major miner he can negotiate a partnership with to develop its massive (and expensive to build) KSM project in Canada. Or, it could be a hedge fund billionaire is looking to offset ever-rising stock market risk and an approaching recession. Either way, the stock still offers tremendous leverage to gold and copper pricing, with its resource base spread out over a number of projects in the U.S. and Canada....
Seabridge Still An Effective Call Option On Gold And Copper Prices