SA Basic Materials

Seabridge Gold Inc.

$23.47-2.25%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Basic Materials
Industry: Gold
Country: Canada
Market cap: 2.5B USD
Enterprise value: 2.9B USD

Overall health

Not enough data: too little is reported yet for an overall view

Only 2 of 4 categories have enough reported data; an overall score needs at least 3.

See how it ranks against its peers

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.
Seabridge Gold made a loss per share in its latest year after a profit the year before.
Not profitable yet. Reported a loss in the 12 months to December 2025.
Seabridge Gold reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
More volatile share price. Beta 1.89: tends to move more than the market.
Seabridge Gold's shares have swung more with the market than most peers' (beta 1.89, above the market's 1.0).

StockQuotient Score

—

Valuation

Is the price right?

8/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-1.7%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield-0.7%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 months · CAD→USD convertedNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield-5.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · CAD→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield36.9%

SEC filings (IFRS mapped) · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 60 → 61

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.89

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.96Sector median: 0.6950 · MAD: 0.2810

Current ratio5.24×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 5.14Sector median: 1.7610 · MAD: 0.6770

Debt / equity0.51×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -0.51Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Seabridge Gold

Is Seabridge Gold getting weaker?: Its latest SEC filing (Mar 27, 2026) got weaker in some ways: turned to a loss over the last 12 months; 12-month revenue fell 13.3%.
How is Seabridge Gold valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -1.7% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -1.7% vs peers 3.6% (weaker than 100% of peers).
Is Seabridge Gold growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Seabridge Gold?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How risky is Seabridge Gold?: Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 5.24× vs a peer median of 1.76× (stronger than 90% of peers).Current ratio 5.24× vs peers 1.76× (stronger than 90% of peers). Beta 1.89 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.89 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2022 · filed Mar 27, 2026 · compared with the year ended Dec 31, 2021

Got weaker

Turned to a loss over the last 12 months
12-month revenue fell 13.3%

	Previous year	Latest year	Change
Revenue (12 months)	83,000 CAD	72,000 CAD	−13.3%
Net income (12 months)	9.3M CAD	−53.2M CAD	turned negative
Free cash flow (12 months)	−96.2M CAD	−152.4M CAD	+58.4%
Cash	66.2M CAD	117.5M CAD	+77.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	1084.3%	10277.8%	—	—	—	—
Return on assets (ROA)	0.1%	0.7%	2.2%	2.1%	-3.0%	▼ 5.2 pts
Return on equity (ROE)	0.1%	1.0%	4.0%	3.7%	-4.7%	▼ 8.4 pts
Free cash flow margin	-102828.9%	-265665.3%	—	—	—	—
Current ratio	3.13×	2.70×	2.38×	2.86×	5.24×	▲ 83%

SA price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Worth knowing

Earnings slid into a loss. Loss per share this year after a profit last year.

Seabridge Gold made a loss per share in its latest year after a profit the year before.

Not profitable yet. Reported a loss in the 12 months to December 2025.

Seabridge Gold reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

More volatile share price. Beta 1.89: tends to move more than the market.

Seabridge Gold's shares have swung more with the market than most peers' (beta 1.89, above the market's 1.0).

Questions investors ask about Seabridge Gold

Is Seabridge Gold getting weaker?

Its latest SEC filing (Mar 27, 2026) got weaker in some ways: turned to a loss over the last 12 months; 12-month revenue fell 13.3%.

How is Seabridge Gold valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 8/100 against 1,371 basic materials peers. Earnings yield -1.7% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -1.7% vs peers 3.6% (weaker than 100% of peers).

Is Seabridge Gold growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Seabridge Gold?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How risky is Seabridge Gold?

Moderate risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 5.24× vs a peer median of 1.76× (stronger than 90% of peers).Current ratio 5.24× vs peers 1.76× (stronger than 90% of peers). Beta 1.89 vs a peer median of 0.69 (weaker than 100% of peers).Beta 1.89 vs peers 0.69 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

83,000 CAD

72,000 CAD

−13.3%

Net income (12 months)

9.3M CAD

−53.2M CAD

turned negative

Free cash flow (12 months)

−96.2M CAD

−152.4M CAD

+58.4%

Cash

66.2M CAD

117.5M CAD

+77.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

1084.3%

10277.8%

—

Return on assets (ROA)

0.1%

0.7%

2.2%

2.1%

-3.0%

▼ 5.2 pts

Return on equity (ROE)

0.1%

1.0%

4.0%

3.7%

-4.7%

▼ 8.4 pts

Free cash flow margin

-102828.9%

-265665.3%

—

Current ratio

3.13×

2.70×

2.38×

2.86×

5.24×

▲ 83%