Seabridge Gold Inc.

SA Basic Materials Gold

EPS
−155.0%
Free cash flow
−75.2%
Total debt
+4.90%

Quarter to March 2026, against a year earlier

25.99 0.46 +1.80%
Market cap
$2.8B
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.55%

Capital & Financial Ratios $m

Size
Market Cap 2,750.00
Revenue ttm —
Net income ttm (50.25)
Free cash flow ttm (117.42)
Net debt Q 301.70
Valuation
P/E 0.00
Forward P/E —
Price / sales 0.00
Forward P/S Powerpack
Price / FCF 0.00
Price / book 3.14
Financial health
Current ratio Q 6.71 (at or above 1.5: strong)
Debt / equity Q 0.46 (at or below 0.5: strong)
Interest coverage Q (306.79)
Growth
Revenue growth Q —
Operating income growth Q −47.72% (below 0%: shrinking)
EPS, this year +171.23% (at or above 15%: strong)
EPS, next year A −191.71% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A −21.16% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/B against its own 10 years 84.42%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 64 40 90 105
Receivables 6 2 3 2
Inventory — — — —
Other — — — —
70 42 153 169
2023 2024 2025 Q'26
Payables 24 8 13 9
ST’ Debt — — — —
Other 5 6 2 1
29 15 29 25

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 13.80% 11.90% 12.23%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.04) — — — —
’25 0.08 0.09 (0.23) (0.30) (0.38)
’24 (0.07) 0.37 (0.23) (0.32) (0.26)
’23 (0.10) 0.08 (0.05) (0.20) (0.26)
’22 (0.06) 0.19 0.05 (0.23) (0.07)
’21 (0.05) 0.15 (0.01) (0.09) 0.01
’20 (0.04) (0.04) 0.05 (0.14) (0.17)
Fiscal quarters ending in the months shown.

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) — — — —
’25 (1) (3) (2) (6) (11)
’24 1 (7) (2) (2) (10)
’23 (6) (3) (2) (5) (16)
’22 (8) 4 8 (10) (6)
’21 (3) 1 0 (7) (9)
’20 (3) (4) 2 (3) (8)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (19) — — — —
’25 (11) (18) (40) (40) (109)
’24 (28) (16) (22) (22) (88)
’23 (37) (3) (126) (52) (186)
’22 (8) 4 8 (151) (147)
’21 (4) (1) 18 (46) (16)
’20 (3) (4) 2 (3) (8)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Mar ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — — — — — — — — — —
Gross margin, % — — — — — — — — — — — —
EBT (3) (6) (12) (9) (12) 4 1 (28) (15) (47) (63) +34.4%
EBT margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
Net income (6) (8) (15) (9) (11) 1 (6) (22) (23) (38) (50) +24.0%
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 n/m
Earnings (0.10) (0.14) (0.26) (0.14) (0.17) 0.01 (0.07) (0.26) (0.26) (0.38) (0.48) +15.6%
Cash flow (0.07) (0.14) (0.12) (0.13) (0.12) (0.12) (0.08) (0.19) (0.12) (0.11) (0.12) +4.6%
Capex 0.00 0.00 0.00 0.00 0.00 (0.08) (1.76) (2.05) (0.87) (0.97) (0.97) n/m
Free cash flow (0.07) (0.14) (0.12) (0.13) (0.12) (0.21) (1.84) (2.25) (0.99) (1.08) (1.10) +34.9%
Book value 4.41 4.86 5.05 5.02 6.91 7.33 7.12 6.51 6.93 7.98 8.18 +6.8%
Shares, m 53 56 59 62 66 76 80 83 89 101 103 +7.3%
Valuation, ×
Valuation, × P/E — — — — — — — — — — 0 —
P/S — — — — — — — — — — 0 —
P/B — — — — — — — — — — 0 —
EV/Sales — — — — — — — — — — 0 —
EV/FCF — — — — — — — — — — 0 —
Cash, $m
Cash, $m Operating cash flow (4) (8) (7) (8) (8) (9) (6) (16) (10) (11) (13) +12.3%
Capex — — — — — (6) (141) (171) (78) (98) (104) +97.5%
Free cash flow (4) (8) (7) (8) (8) (16) (147) (186) (88) (109) (117) +44.8%
Balance, $m
Balance, $m Working capital 6 13 14 9 27 29 68 40 28 124 144 +41.2%
Net debt (9) (18) (18) (12) (31) (35) 102 362 371 339 302 n/m
Shareholders’ equity 235 274 298 313 459 560 570 541 615 805 877 +14.7%
Returns, %
Returns, % ROA (2.24) (2.88) (4.95) (2.63) (2.71) 0.13 (0.79) (2.35) (2.21) (3.27) (4.15) (1.0) pt
ROIC (2.02) (2.96) (3.40) (2.09) (1.80) (1.78) (1.63) (0.89) (1.00) (0.86) (0.91) +1.2 pt
ROE (2.41) (3.12) (5.37) (2.86) (2.89) 0.14 (1.01) (3.91) (3.95) (5.36) (6.40) (2.9) pt
People
People Employees — — — — — — — 51 — 50 — (1.0%)
Revenue/emp, $m — — — — — — — 0.00 — 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Seabridge Gold Inc. vs peers in Gold (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OGC Oceanagold Corp. $6.1B 7.1× — +49.70% (above 0%: growing) +95.30% (above 0%: growing) +8.33% (above 0%: growing) 66.77% 48.52% Compare
SSRM Silver Standard Resources Inc. $5.6B 22.8× 10.1× +16.02% (above 0%: growing) +23.00% (above 0%: growing) −152.32% (below 0%: shrinking) 58.21% 27.29% Compare
ARIS Aris Mining Corporation $3.2B 11.1× — +62.31% (above 0%: growing) n/m −140.02% (below 0%: shrinking) 58.58% 48.02% Compare
AAUC Allied Gold Corporation $3.0B — (loss-making) 26.0× +45.37% (above 0%: growing) n/m −202.76% (below 0%: shrinking) 46.04% 41.88% Compare
FSM Fortuna Mining Corp. $2.8B 7.7× — +38.19% (above 0%: growing) +108.33% (above 0%: growing) +246.98% (above 0%: growing) 57.62% 49.28% Compare
SA Seabridge Gold Inc. $2.8B — (loss-making) — — n/m −75.24% (below 0%: shrinking) — 0.00%
NG Novagold Resources Inc. $2.7B — (loss-making) — −36.57% (below 0%: shrinking) n/m −261.13% (below 0%: shrinking) 0.00% 0.00% Compare
DRD DRDGOLD Limited $2.1B 151× — (loss-making) −6.32% (below 0%: shrinking) n/m +308.04% (above 0%: growing) 31.56% 0.00% Compare
HYMC Hycroft Mining Holding Corporation $1.6B — (loss-making) — (loss-making) −52.23% (below 0%: shrinking) n/m −188.11% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $2.9B 11.1× — +27.11% +95.30% −146.17% 51.83% 34.59%

All 46 Gold stocks →

Seabridge Gold Inc. (SA) Latest News

25 Sep

Impact 4 · · Simply Wall St.

SA metrics, ten years each

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