Daily Stock Opinions and Ratings

Opinions

Rick Rule Seabridge Golds SEA-T HOLD May 08, 2023

Owns shares in company.
Be patient in terms of returns.
Present gold prices will not generate returns for shareholders.
Higher gold prices important for shareholders to see return on capital.
Good proxy for higher gold prices.

Rick Rule

Unknown

Unlock Rating

$21.190

Stock price when the opinion was issued

precious metals

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

(Market Call Minute.) If you are bullish on gold, this company has a lot of resource in the ground. Play it from the gold perspective.

PAST TOP PICK

(A Top Pick June 26/08.) Up 44.23%.) Fifty million ounces of gold resources in British Columbia, which works out to be about 1.5 ounces per share. Very good leverage. Would buy more at $26-$27.

PAST TOP PICK

(Top Pick Feb 25’09, Up 24%) Still likes it, but it doesn’t meet the dividend test. They are doing everything that they said they would do. All in Canada. Their KSM deposit is Canada’s largest ore body find of gold. They company is for sale. They said they will never build a mine. They are doing infill drilling to build a stronger resource base.

COMMENT

Gold. This is the only company he knows that is deliberately accumulating gold assets, which it has no intention of producing. Creating a store of gold. Doesn't know why it is going down.

BUY

Likes this. Owns just a little bit but this would be a good entry point. Management has been able to develop the project with a very little dilution in shares. At some point he thinks this will get taken out. Have quite a lot of reserves on the ground that should find some valuation that is much higher than where it is trading now.

TOP PICK

Immense asset which now has copper revelations. It could be a base metal take out. Biggest in Canada and probably North America.

COMMENT

(Market Call Minute.) One of the best of the optionality plays. Very well owned by a bunch of billionaires. Run for the benefit of the shareholders. It is an awful long way, so you have to believe in gold to own this.

COMMENT

It's had a nice trend up this year. It'll see reisistance around $20 to a lower range of $16. There could be volatility. Now, we're in no-man's land. Seasonally, now is good. You may have to weather big swings as it marches to $21.

RISKY

Speculative buy with a $31 target. Has never been too impressed. Big deposit, but needs a lot of money to get it going. He'd rather put his money into producers that are offering cashflow and dividends.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Rick Rule Seabridge Golds SEA-T HOLD May 08, 2023

You might be interested:

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Seabridge Golds(SEA-T)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights