Seabridge Gold: Under Pressure As Gold Price Is Weakening

Summary

• During the three months ended September 30, 2021, Seabridge posted a net loss of $0.65 million ($0.01 per share) compared to a net income of $3.76 million ($0.05 per share).
• With the Fed turning more hawkish, large gold projects like KSM/Snowfield are less attractive.
• I recommend buying SA below $15.4.

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Introduction

Toronto-based Seabridge Gold (NYSE: NYSE:SA) released its consolidated financial statements ending September 30, 2021, on November 10, 2021. This article is an update of my article published on August 31, 2021.

1 - Q3 snapshot

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.