Dahlman Rose provided color on Seabridge Gold SA and Royal Gold's RGLD private placement agreement in a research report published today. Dahlman Rose has previously given Seabridge Gold a Buy rating.
In the report, Dahlman Rose states, "We see this as another stamp of approval for the KSM project, as Royal Gold would only be interested in such an arrangement after significant due diligence and belief in the inevitable development of KSM."
Shares of Seabridge Gold were trading at $25.86 at the time of posting, down 1.75% from Friday's market close.
Shares of Royal Gold were trading at $56.68 at the time of posting, up 0.94% from Friday's market close.
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