(SA) Seabridge Gold - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA8119161054

Gold, Copper, Silver, Molybdenum

Stock: Gold
Age 21.8y
MCap 2,377m
Avg Vol 1.05M (32.9M USD)
Beta 0.703
Volatility 69.13%

EPS (Earnings per Share)

EPS (Earnings per Share) of SA over the last years for every Quarter: "2020-12": -0.2, "2021-03": -0.06, "2021-06": -0.02, "2021-09": -0.01, "2021-12": -0.11, "2022-03": -0.08, "2022-06": -0.03, "2022-09": 0.06, "2022-12": -0.31, "2023-03": -0.13, "2023-06": 0.11, "2023-09": -0.04, "2023-12": -0.06, "2024-03": -0.09, "2024-06": 0.51, "2024-09": -0.2255, "2024-12": -0.3218, "2025-03": 0.0766, "2025-06": 0.087, "2025-09": -0.32,
EPS CAGR: -54.27%
EPS Trend: -0.2%
Last SUE: -1.13
Qual. Beats: 0

Revenue

Revenue of SA over the last years for every Quarter: 2020-12: 0, 2021-03: 0, 2021-06: 0, 2021-09: 0, 2021-12: 0, 2022-03: 0, 2022-06: 0, 2022-09: 0, 2022-12: 0, 2023-03: 0, 2023-06: 0, 2023-09: 0, 2023-12: 0, 2024-03: 0, 2024-06: 0, 2024-09: 0, 2024-12: 0, 2025-03: 0, 2025-06: 0, 2025-09: 0,
Rev. CAGR: 0.00%
Last SUE: 0.00
Qual. Beats: 0

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 69.1%
Value at Risk 5%th 106%
Relative Tail Risk -6.40%
Reward TTM
Sharpe Ratio 2.22
Alpha 190.61
CAGR/Max DD 0.75
Character TTM
Hurst Exponent 0.485
Beta 0.703
Beta Downside 0.420
Drawdowns 3y
Max DD 52.51%
Mean DD 20.74%
Median DD 19.83%

Description: SA Seabridge Gold January 14, 2026

Seabridge Gold Inc. (NYSE: SA) is a Toronto-based exploration company focused on acquiring and developing gold-centric projects across North America, with ancillary targets of copper, silver and molybdenum. The firm, originally incorporated in 1979 as Seabridge Resources Inc., rebranded to its current name in June 2002.

Key operational highlights include its flagship Courageous Lake project in Alaska, which reported a 2023 NI 43-101 resource of roughly 2.4 Moz Au-eq (≈ 2.1 Moz gold, 5.3 Moz copper, 5.9 Moz silver) and a recent drilling campaign that expanded the high-grade core zone by ~30 %. The company’s valuation is heavily tied to the gold-to-copper price ratio-copper’s rising industrial demand and higher real yields have historically boosted the economics of multi-metal projects like Courageous Lake. Sector-wide, gold’s performance remains correlated with real interest rates and inflation expectations, making macro-economic shifts a primary driver of Seabridge’s near-term market sentiment.

For a deeper, data-driven look at Seabridge’s valuation metrics and scenario analysis, you might find ValueRay’s research platform worth a quick browse.

Piotroski VR‑10 (Strict, 0-10) 0.5

Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -0.07 > 0.02 and ΔFCF/TA 3.89 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.01 > 3% & CFO -10.1m > Net Income -50.2m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 2.99 > 1.5 & < 3
Outstanding Shares: last quarter (102.3m) vs 12m ago 14.22% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%)
Interest Coverage Ratio: -18.32 > 6 (EBITDA TTM -10.2m / Interest Expense TTM 563.0k)

Altman Z'' 1.48

A: 0.05 (Total Current Assets 124.9m - Total Current Liabilities 41.8m) / Total Assets 1.71b
B: -0.13 (Retained Earnings -227.3m / Total Assets 1.71b)
C: -0.01 (EBIT TTM -10.3m / Avg Total Assets 1.57b)
D: 1.56 (Book Value of Equity 1.02b / Total Liabilities 650.2m)
Altman-Z'' Score: 1.48 = BB

Beneish M

DSRI: none (Receivables 2.93m/7.86m, Revenue 0.0/0.0)
GMI: 1.00 (fallback, negative margins)
AQI: 1.13 (AQ_t 0.11 / AQ_t-1 0.10)
SGI: none (Revenue 0.0 / 0.0)
TATA: -0.02 (NI -50.2m - CFO -10.1m) / TA 1.71b)
Beneish M-Score: cannot calculate (missing components)

ValueRay F-Score (Strict, 0-100) 35.62

1. Piotroski: 0.50pt
2. FCF Yield: -3.35%
3. FCF Margin: data missing
4. Debt/Equity: 0.55
5. Debt/Ebitda: data missing
6. ROIC - WACC: -7.75%
7. RoE: -5.12%
8. Revenue Trend: data missing
9. EPS Trend: -0.25%

What is the price of SA shares?

As of January 23, 2026, the stock is trading at USD 36.94 with a total of 1,812,670 shares traded.
Over the past week, the price has changed by +17.94%, over one month by +19.43%, over three months by +57.19% and over the past year by +202.54%.

Is SA a buy, sell or hold?

Seabridge Gold has received a consensus analysts rating of 4.75. Therefore, it is recommended to buy SA.
  • Strong Buy: 3
  • Buy: 1
  • Hold: 0
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the SA price?

Issuer Target Up/Down from current
Wallstreet Target Price 41.9 13.4%
Analysts Target Price 41.9 13.4%
ValueRay Target Price 38.9 5.2%

SA Fundamental Data Overview January 17, 2026

Market Cap CAD = 3.29b (2.38b USD * 1.3828 USD.CAD)
P/B = 4.3046
Revenue TTM = 0.0 CAD
EBIT TTM = -10.3m CAD
EBITDA TTM = -10.2m CAD
Long Term Debt = 583.1m CAD (from longTermDebt, last quarter)
Short Term Debt = 342.0k CAD (from shortTermDebt, last quarter)
Debt = 584.4m CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 481.3m CAD (from netDebt column, last quarter)
Enterprise Value = 3.77b CAD (3.29b + Debt 584.4m - CCE 103.1m)
Interest Coverage Ratio = -18.32 (Ebit TTM -10.3m / Interest Expense TTM 563.0k)
EV/FCF = -29.88x (Enterprise Value 3.77b / FCF TTM -126.1m)
FCF Yield = -3.35% (FCF TTM -126.1m / Enterprise Value 3.77b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 214.0k) / Revenue TTM)
Tobins Q-Ratio = 2.21 (Enterprise Value 3.77b / Total Assets 1.71b)
Interest Expense / Debt = 0.02% (Interest Expense 143.0k / Debt 584.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = -8.15m (EBIT -10.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.99 (Total Current Assets 124.9m / Total Current Liabilities 41.8m)
Debt / Equity = 0.55 (Debt 584.4m / totalStockholderEquity, last quarter 1.06b)
Debt / EBITDA = -47.40 (negative EBITDA) (Net Debt 481.3m / EBITDA -10.2m)
Debt / FCF = -3.82 (negative FCF - burning cash) (Net Debt 481.3m / FCF TTM -126.1m)
Total Stockholder Equity = 978.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.20% (Net Income -50.2m / Total Assets 1.71b)
RoE = -5.12% (Net Income TTM -50.2m / Total Stockholder Equity 978.7m)
RoCE = -0.66% (EBIT -10.3m / Capital Employed (Equity 978.7m + L.T.Debt 583.1m))
RoIC = -0.53% (negative operating profit) (NOPAT -8.15m / Invested Capital 1.55b)
WACC = 7.23% (E(3.29b)/V(3.87b) * Re(8.51%) + D(584.4m)/V(3.87b) * Rd(0.02%) * (1-Tc(0.21)))
Discount Rate = 8.51% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 10.04%
Fair Price DCF = unknown (Cash Flow -126.1m)
EPS Correlation: -0.25 | EPS CAGR: -54.27% | SUE: -1.13 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.04 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.18 | Chg30d=+0.040 | Revisions Net=+1 | Growth EPS=-427.3% | Growth Revenue=+0.0%

Additional Sources for SA Stock

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