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Gold Explorer's Projects Offer 'Significant Room for Value Creation'

Source: Streetwise Reports

 

August 14, 2018 (Investorideas.com Newswire) A ROTH Capital Partners report relayed the key points from the company's quarterly update.


In an Aug. 12 research note, Joe Reagor, analyst with ROTH Capital Partners, reported that near-term upside exists in two of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) projects and that the company's Q2/18 results were "slightly better than expected but generally uneventful."

Reagor noted the market responded favorably to comments by Seabridge's management about the exploration potential at its Kerr Sulphurets Mitchell (KSM) and Courageous Lake projects, where "we continue to believe there is significant room for value creation." Drill results from KSM's Iron Cap are expected to be catalysts, later in 2018. Also, drill results from recent Courageous Lake findings "could lead to significantly improved project economics."

The analyst highlighted that ROTH views the market's reaction as warranted. "We base this belief on the company's potential for resource growth through exploration and a lack of a response to prior announcements regarding discoveries at Courageous Lake," he added.

As for Seabridge's Q2/18 financial result, it was a $0.04 per share loss, which compares to ROTH's estimate of a $0.06 loss. "We do not view this as a meaningful beat as the company remains a pre-revenue company," Reagor qualified.

He reiterated ROTH's Buy rating and US$17 per share price target on Seabridge, which is trading currently at around US$12.90 per share.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following company mentioned in this article is a billboard sponsor of Streetwise Reports: Seabridge Gold. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article.

Disclosures from ROTH Capital Partners, Seabridge Gold Inc., Company Note, August 12, 2018

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

ROTH makes a market in shares of Seabridge Gold, Inc. and as such, buys and sells from customers on a principal basis.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.


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