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Seabridge Gold Inc.(SA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
SELL
SELL for 5 days
PROFIT SINCE LAST BUY
-0.96%
LAST CLOSE
$29.24
09/16/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for SA

09/16/2026: SA (1-star) is a SELL. SELL for 5 days. Simulated Profits (-0.96%). Updated daily EoD!

Seabridge Gold is a development-stage mining company that operates primarily as a resource aggregator rather than a mine operator. Its main strength lies in a massive, high-quality portfolio of gold and copper assets, most notably the KSM project in Canada. The company's investment story centers on its potential to create value through project advancement and eventual divestment or partnership with major producers. Risks are significant, as the firm lacks operational cash flow and faces substantial permitting and execution challenges. Seabridge may best suit aggressive, long-term investors seeking high-leverage exposure to gold prices, and those interested in the company should closely monitor progress in permitting and project-level joint venture developments.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThis is a high-risk, high-reward play on exploration success rather than operational growth.
Momentum investorStrong fit while signal remains positiveThe stock can experience rapid price appreciation during gold bull markets or major project milestones.
Value investorWeak fitIt is difficult to apply standard value metrics to a company with no revenue or near-term production.
Dividend investorWeak fitThe company does not pay dividends and requires significant capital expenditure.
Low-risk investorWeak fitThe lack of production and dependence on external financing creates high volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock value is heavily correlated with gold and copper price fluctuations.
Valuation riskHighValuations are based on projected future resources rather than current earnings.
Competition risk (Major Miners)MediumThe company must compete for scarce capital against large-cap producers with established production.
Business qualityMediumThe high quality of its mineral assets is offset by the lack of operational cash flow.
Dividend incomeLow / noneInvestors should not expect any income from this security.
Execution riskHighPermitting, construction, and operational risks are significant for large-scale mining projects.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit 0.95%
Avg. Invested days 37
Today’s Advisory SELL
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/16/2026

Upturn Scorecard

Upturn Star Rating

SA receives a 2-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

SA has moderate overall fundamentals (3 stars), with moderate financial health, soft growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-70.0%), soft cash generation (FCF margin 0.0%), slightly negative revenue growth (+0.0%).

Financial Health Rating

SA's financial health is supported by strong efficiency, including operating-expense and cost-of-revenue discipline (opex 0.0% of revenue). Profitability is weak (1 stars), which helps explain the 3-star overall score.

Growth Momentum Score

SA's growth profile is soft, with the least-weak measure being revenue growth at +0.0% FY2025 versus FY2024. By comparison, while earnings growth (-70.0%, negative) and free-cash-flow growth (-26.4%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 61.7% and approximately 99.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 2.41% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Kopernik Global Investors, LLC 7.00%
Van Eck Associates Corporation 6.06%
Tidal Investments LLC. 3.75%
Vanguard Capital Management, LLC 2.40%
CIBC World Markets Inc. 2.05%

Unit Economics (Per $1K Revenue)

SA generates approximately $-0 of gross profit, $-0 of operating income, and $-0 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 18.30%

Quantitative Style Profile

SA has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.15B USD
Price to earnings Ratio 153.89
1Y Target Price 58.8
Price to earnings Ratio 153.89
1Y Target Price 58.8
Volume (30-day avg) 756.4K shares
Beta 1.89
52 Weeks Range 19.23 - 40.06
Updated Date 09/16/2026
52 Weeks Range 19.23 - 40.06
Updated Date 09/16/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.19

How Company Makes Money

Business areaWhat it includesRetail investor read
Mineral Asset DevelopmentExploration, drilling, and project advancement of gold and copper assets.The company generates value by proving the size of its mineral deposits, not by selling gold.
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Earnings Date

Report Date 2026-09-16
When -
Estimate -0.04
Actual 0.09

Profitability

Profit Margin -
Operating Margin (TTM) -

Management Effectiveness

Return on Assets (TTM) -1.06%
Return on Equity (TTM) 3.27%

Valuation

Trailing PE 153.89
Forward PE 6.12
Enterprise Value 3.50B
Price to Sales(TTM) -
Enterprise Value 3.50B
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA 90.11
Shares Outstanding 107.87M
Shares Floating 107.63M
Shares Outstanding 107.87M
Shares Floating 107.63M
Percent Insiders 2.41
Percent Institutions 61.72

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Seabridge Gold Inc.

Exchange NYSE
Headquarters Toronto, ON, Canada
IPO Launch date 2004-04-20
Chairman & CEO Mr. Rudi P. Fronk B.Sc., M.Sc.
Sector Basic Materials
Industry Gold
Full time employees -
Full time employees -

Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. It explores for gold, silver, copper, and molybdenum deposits. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc. was incorporated in 1979 and is based in Toronto, Canada.