SEABRIDGE GOLD

A rally in oil stocks helped Canada''s main stock index shake-off initial sluggishness to rise on Monday, while investors braced for a slew of earnings updates as well as another big interest rate hike from the U.S. Federal Reserve this week. The TSX climbed 76.26 points to close in on noon EDT Monday at 19,059.18. The Canadian dollar advanced 0.42 cents to 77.84 cents U.S. Rogers Communications ditched seven cents to $60.32. The company on Sunday announced plans to invest $10 billion in artificial intelligence, and more testing and oversight, just weeks after the company reported network issues that caused widespread disruptions across the country. Energy stocks ruled the roost Monday as Vermilion Energy acquired $1.50, or 5.3%, to $29.75, while Tamarack Valley picked up 21 cents, or 5.3%, to $4.20. Utilities also registered higher, as Hydro One gained 40 cents, or 1.2%, to $35.26, while Altagas took on 33 cents, or 1.2%, to $27.84. Gold stocks, however, put a hold on growth as Torex Gold faltered 33 cents, or 3.6%, to $8.74, while Seabridge Gold dropped 61 cents, or 3.8%, to $15.44.

Equities kept the ball rolling in Toronto, where indices again finished in the green Wednesday. The TSX gained 82.96 points to close Wednesday at 19,020.67. The Canadian dollar faded 0.03 cents Wednesday to 77.65 cents U.S. Canopy Growth grew 57 cents, or 17%, to $3.92, while Tilray surged 52 cents, or 11.2%, to $5.07. In techs, Shopify bounced back from the doldrums $5.48, or 12.4%, to $49.72, while Lightspeed hiked $2.07, or 8.3%, to $27.13. In energy, Birchcliff Energy traveled 35 cents, or 4%, to $9.21, while Arc Resources obtained 55 cents, or 3.5%, to $16.39. Golds dragged things down, though, as Seabridge Gold dropped 70 cents, or 4.3%, to $15.75, while Oceanagold dipped nine cents, or 3.7%, to $2.34. In other resource stocks, First Quantum Minerals stepped back $1.43, or 6.5%, to $20.44, while Fortuna Silver Mines lost 14 cents, or 4%, to $3.36. In utilities, Emera Corp. chucked 88 cents, or 1.5%, to $59.35, while Transalta Renewables let go of 31 cents, or 1.8%, to $16.86. Investors have been looking for clues on the central bank''s monetary policy path after it unveiled a full-percentage-point interest rate hike last week, becoming the first G7 country to opt for such an aggressive hike in this economic cycle.

While it may be odd to start a list of best gold stocks to buy now with a caveat, investors ought to know that the narrative for precious metals is extremely risky. At the same time, contrarianism tends to be very profitable as fewer people are looking at the target trade. Therefore, once the public gets wind of the bullish opportunity, the wave comes in, driving up the sector to potentially ridiculous heights. That’s the optimistic thesis. In reality, investors must have incredibly strong conviction to take a dip in the precious metals sector, even with the so-called best gold stocks to buy now. At the moment, a strong U.S. dollar index buoyed by the Federal Reserve’s commitment to killing inflation has imposed an ugly environment for gold and other commodities. Nevertheless, two factors bolster the case for the best gold stocks to buy now. First is the fear trade. What I mean is that with economic and geopolitical scourges going all biblical on everybody, there’s a lot of fear in the air.

Gainers: Seabridge Gold (SA) +15%. SilverBow Resources (SBOW) +12%. CONSOL Energy (CEIX) +12%. Losers: Borr Drilling (BORR) -11%. Vertex Energy (VTNR) -6%. Heliogen (HLGN) -6%.

Seabridge Gold, Inc. (SA) shares closed today at 1.9% above its 52 week low of $14.92, giving the company a market cap of $1B. The stock is currently down 7.8% year-to-date, down 30.7% over the past 12 months, and up 70.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.9%. Trading Activity Trading volume this week was 14.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 163.3% The company's stock price performance over the past 12 months lags the peer average by 55.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

Seabridge Gold, Inc. (SA) shares closed today at 1.9% above its 52 week low of $14.92, giving the company a market cap of $1B. The stock is currently down 7.8% year-to-date, down 32.9% over the past 12 months, and up 70.9% over the past five years. This week, the Dow Jones Industrial Average fell 0.3%, and the S&P 500 fell 1.9%. Trading Activity Trading volume this week was 14.2% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.8. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 163.3% The company's stock price performance over the past 12 months lags the peer average by 52.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.

Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) Senior Officer Charles Bruce Scott Scott sold 1,000 shares of the firms stock in a transaction dated Friday, December 17th. The stock was sold at an average price of C$21.01, for a total value of C$21,010.00. Following the transaction, the insider now owns 99,233 shares in the company, valued at [] The post Seabridge Gold Inc. (TSE:SEA) Senior Officer Charles Bruce Scott Scott Sells 1,000 Shares appeared first on ETF Daily News .

Shares of Seabridge Gold Inc. (TSE:SEA) (NYSE:SA) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.40 and traded as low as C$21.16. Seabridge Gold shares last traded at C$21.51, with a volume of 127,463 shares. Separately, B. Riley reissued a buy rating on shares []