Seabridge Gold Inc. (SA) Fair Value & Analysis
Basic Materials · US · Market cap $2.7B · ISIN CA8119271028
What is Seabridge Gold Inc. really worth?
Seabridge Gold Inc.
SA · US
Below-average quality, and trading another 538% above our fair value of $4.99.
As of Jul 19, 2026, the fair value of Seabridge Gold Inc. is $4.99 per share against a price of $31.83, so the fair value sits 84% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
Fair value as of: Jul 19, 2026
From 1 valuation models · updated 48 days ago
Fair value updated Jul 19, 2026, revised from $7.00 to $4.99 (−28.7%) since Jul 18, 2026. Share price +9.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($7.45). The favourable scenario is already priced in.
- Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range ($3.72 to $7.45) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.
How to read this chart
60‑month range $9.43 – $39.35 · fair‑value band $3.72 – $7.45 · the $31.83 price screens above the $4.99 fair value. Dashed = 300-day average. As of Jul 19, 2026.
Analysis
Seabridge Gold Inc. (SA) currently trades at $31.83, while our model-based Fair Value estimate is $4.99, implying the stock looks roughly 537.8% overvalued today. The Quality Score stands at 16/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
It earns a return on equity of −6.4%. Net debt stands at $482M. Fundamentals as of Jul 19, 2026
Our scenario range runs from $3.72 (bear case) to $7.45 (bull case); at $31.83, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 133% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −84%, SA screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 1 models by family
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Key figures & financial health
Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 21 · Market factors (momentum, volatility) 50
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Seabridge Gold Inc. reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$53.1M in FY2025.
SA screens 538% overvalued. Compare with Newmont Corporation →
Peer Group
Gold · 244 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Gold median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $128.00 | $112.82 | −12% |
| Zijin Mining Group 601899 | ¥32.21 | ¥39.42 | +22% |
| Agnico Eagle Mines Limited AEM | C$268.76 | C$213.40 | −21% |
| Barrick Mining Corporation B | $41.23 | $50.66 | +23% |
| Franco-Nevada Corporation FNV | $266.18 | $96.63 | −64% |
| Wheaton Precious Metals Corp WPM | C$201.40 | C$56.05 | −72% |
| AngloGold Ashanti plc AU | $97.92 | $88.63 | −9% |
| Kinross Gold Corporation KGC | $30.87 | $34.62 | +12% |
| Royal Gold, Inc RGLD | $262.85 | $93.56 | −64% |
| Northern Star Resources Limited NST | A$23.19 | A$15.98 | −31% |
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