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Seabridge Gold
(TSX:SEA)
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Rating:53Neutral
Price Target:
C$48.00
▲(1.27% Upside)
Action:Reiterated
Date:08/22/26
The score is held back primarily by weak financial performance—no recurring revenue, negative operating profitability, and substantial negative free cash flow—despite a comparatively solid equity base. Technicals provide support with a clear move above key moving averages and positive momentum indicators. Valuation is a further drag due to the very high P/E and no stated dividend yield.
Positive Factors
Meaningful equity base
A sizable equity base provides Seabridge with financial capacity to advance exploration, engineering and permitting while supporting negotiations with potential strategic partners.
Negative Factors
No recurring operating revenue
Without producing-mine revenue, Seabridge depends on capital markets and possible asset transactions to fund operations. This makes value creation dependent on exploration, permitting and partner interest.
Read all positive and negative factors
Positive Factors
Negative Factors
Meaningful equity base
A sizable equity base provides Seabridge with financial capacity to advance exploration, engineering and permitting while supporting negotiations with potential strategic partners.
Read all positive factors
Seabridge Gold (SEA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.63B
Dividend YieldN/A
Average Volume (3M)92.17K
Price to Earnings (P/E)149.2
Beta (1Y)3.02
Revenue GrowthN/A
EPS GrowthN/A
CountryCA
Employees45
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.29
Shares Outstanding107,871,216
10 Day Avg. Volume59,465
30 Day Avg. Volume92,172
Financial Highlights & Ratios
PEG Ratio-1.49
Price to Book (P/B)3.65
Price to Sales (P/S)0.00
P/FCF Ratio-26.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$55.34Price Target Upside16.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.36
Revenue Forecast (FY)N/A
Seabridge Gold Business Overview & Revenue Model
Company Description
Seabridge Gold Inc., established in 1979 and based in Toronto, Canada, focuses on the acquisition and exploration of gold properties throughout North America. The company, formerly known as Seabridge Resources Inc. until its rebranding in June 200...
How the Company Makes Money
Seabridge Gold primarily finances its operations through capital markets rather than through recurring operating revenue from producing mines. The company generally makes money (or seeks to create shareholder value) by increasing the economic valu...
Seabridge Gold Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -123.00K | -232.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -107.29M | -64.30M | -21.25M | -33.83M | -22.66M | -18.76M |
| Net Income | 34.81M | -53.17M | -31.25M | -29.27M | -7.39M | 895.00K |
Balance Sheet | ||||||
| Total Assets | 1.75B | 1.86B | 1.45B | 1.35B | 1.10B | 747.74M |
| Cash, Cash Equivalents and Short-Term Investments | 95.45M | 126.28M | 55.22M | 86.19M | 131.54M | 44.13M |
| Total Debt | 562.31M | 599.96M | 563.90M | 575.32M | 265.17M | 272.00K |
| Total Liabilities | 643.66M | 733.94M | 609.72M | 621.04M | 355.09M | 45.41M |
| Stockholders Equity | 1.11B | 1.12B | 843.02M | 729.92M | 740.53M | 702.33M |
Cash Flow | ||||||
| Free Cash Flow | -174.82M | -152.43M | -120.50M | -251.70M | -191.28M | -85.31M |
| Operating Cash Flow | -18.40M | -15.46M | -14.22M | -21.54M | -7.98M | -11.70M |
| Investing Cash Flow | -162.78M | -187.94M | -121.24M | -202.90M | -286.44M | -78.68M |
| Financing Cash Flow | 139.77M | 272.19M | 101.27M | 260.45M | 325.83M | 84.56M |
Seabridge Gold Technical Analysis
Positive
47.40
Price Trends
40.88
Positive
40.86
Positive
41.60
Positive
Market Momentum
0.52
Positive
48.93
Neutral
35.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SEA, the sentiment is Positive. The current price of 47.4 is above the 20-day moving average (MA) of 44.74, above the 50-day MA of 40.88, and above the 200-day MA of 41.60, indicating a neutral trend. The MACD of 0.52 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 35.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SEA.
Seabridge Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | C$5.17B | 12.57 | 43.77% | 0.09% | 49.49% | 73.36% | |
79 Outperform | C$6.14B | 7.16 | 30.90% | 0.89% | 42.14% | 767.00% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$4.42B | -43.96 | -15.60% | ― | 53.83% | 64.41% | |
58 Neutral | C$3.13B | -39.42 | -60.63% | ― | ― | -104.86% | |
53 Neutral | C$4.63B | 149.17 | 3.10% | ― | ― | ― | |
53 Neutral | C$7.76B | -107.31 | -25.28% | ― | ― | 42.62% |
* Basic Materials Sector Average
TSE:SEA
Seabridge Gold
42.96
15.41
55.91%
TSE:WDO
Wesdome Gold Mines
35.06
15.55
79.70%
TSE:CG
Centerra Gold
31.38
18.81
149.54%
TSE:MAU
Montage Gold Corp.
19.15
12.97
209.87%
TSE:SGD
Snowline Gold Corp.
16.62
6.37
62.15%
TSE:AAUC
Allied Gold Corporation
31.70
10.08
46.62%
Seabridge Gold Corporate Events
Business Operations and StrategyLegal ProceedingsRegulatory Filings and Compliance
Seabridge Faces Renewed Indigenous Consultation Pressure Over KSM Project
Negative
Aug 20, 2026
Seabridge Gold has disclosed that the Gitxsan Huwilp Government has withdrawn a 2013 letter of support for the KSM Project’s environmental assessment to press for more meaningful consultation with neighboring Indigenous group Tsetsaut Skii k...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.