Friday 6 November 2026
Export SA’s income statement to Excel — free account
Seabridge Gold Inc.
- EPS
- −155.0%
- Free cash flow
- −75.2%
- Total debt
- +4.90%
Quarter to March 2026, against a year earlier
25.72
0.38
+1.50%
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Target Price Range
Analyst price targets
Free accountTen 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
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% |