Seabridge Gold initiated with an Outperform at RBC Capital

RBC Capital analyst Michael Siperco initiated coverage of Seabridge Gold with an Outperform rating and $25 price target. Seabridge has begun to accelerate development of the “world-class, large-scale” 100%-owned KSM gold/copper project in the “Golden Triangle” region of northern British Columbia with a new, streamlined study, the analyst tells investors in a research note. The firm says the key catalyst for the stock is finding a senior partner to bring KSM to a construction decision, with a process underway.