Our first idea is a gold exploration company that is rated ‘Strong Buy’ by its analysts. Our second recommendation is a sale of a previous idea.
Buy: Seabridge Gold (SA)
From The National Investor
I am of a mind that the odds are improving daily of gold holding above the $1,200/ounce level. (That’s by no means guaranteed yet, mind you.) Thus, I don’t want to try and be any “cuter” than I’ve been already in picking an exact bottom for Seabridge Gold (SA). I’m adding it back to the Growth-oriented list of stocks on my recommended list as an “Accumulate.”
Seabridge has the BEST “optionality” of any advanced exploration play in North America. Longer-term, it will be a HUGE winner as it continues to both grow its monster KSM Project and move it further toward an eventual development point. On that latter subject, the company announced yesterday that it has received a key water permit from the Canadian government.
For now, start to build a position (but being mindful that its present level a bit over $9/share, about 25% below where we sold the last of it this Summer, might still not be THE bottom quite yet.)
Chris Temple, The National Investor, www.nationalinvestor.com, 224-308-2587, November 22, 2016