Seabridge Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:SEA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Oct 25	SellCA$20,454	Neggar Shafai	Individual	550	CA$37.19
09 Oct 25	SellCA$59,863	Tracey Arlaud	Individual	1,700	CA$35.21
03 Oct 25	SellCA$8,743	Neggar Shafai	Individual	250	CA$34.97
02 Oct 25	SellCA$8,807	Neggar Shafai	Individual	250	CA$35.23
15 Sep 25	SellCA$6,920	Neggar Shafai	Individual	250	CA$27.68
02 Sep 25	SellCA$55,757	Tracey Arlaud	Individual	2,300	CA$24.24
22 Jul 25	SellCA$8,050	Neggar Shafai	Individual	350	CA$23.00
16 Jun 25	BuyCA$99,550	John Sabine	Individual	5,000	CA$19.91
16 Jun 25	SellCA$79,478	John Sabine	Individual	4,000	CA$19.87
04 Apr 25	BuyCA$34,188	John Sabine	Individual	2,400	CA$14.24
03 Mar 25	BuyCA$67,713,595	Pan Atlantic Bank and Trust Limited, Asset Management Arm	Company	4,419,179	CA$15.32
03 Mar 25	BuyCA$67,713,595	Pan Atlantic Bank and Trust Limited, Asset Management Arm	Company	4,419,179	CA$15.32
25 Feb 25	BuyCA$35,049	Melanie Miller	Individual	2,000	CA$17.52
19 Feb 25	BuyCA$87,126	John Sabine	Individual	5,000	CA$17.43
18 Feb 25	BuyCA$2,085,857	FCMI Parent Co.	Company	120,000	CA$17.38
18 Feb 25	BuyCA$2,085,857	FCMI Parent Co.	Company	120,000	CA$17.38

Insider Trading Volume

Insider Buying: SEA insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of SEA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,444,713	2.34%
Private Companies	4,972,625	4.77%
General Public	40,350,418	38.7%
Institutions	56,578,969	54.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 49.83% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.2%	Pan Atlantic Bank And Trust Limited	10,673,611	CA$406.8m	0%	100.0%
7.84%	Van Eck Associates Corporation	8,178,662	CA$311.7m	210%	0.16%
6.66%	Kopernik Global Investors, LLC	6,946,666	CA$264.7m	-5.9%	3.25%
4.77%	FCMI Parent Co.	4,972,625	CA$189.5m	0%	no data
2.94%	Tidal Investments LLC	3,071,781	CA$117.1m	12.4%	0.34%
2.04%	Canadian Imperial Bank of Commerce	2,131,185	CA$81.2m	16.5%	0.11%
1.43%	Ontario Teachers' Pension Plan Board	1,490,415	CA$56.8m	0%	0.59%
1.32%	Raymond James Financial, Inc.	1,379,217	CA$52.6m	14.5%	0.01%
1.24%	The Vanguard Group, Inc.	1,296,919	CA$49.4m	1,870%	no data
1.2%	Rudi Fronk	1,255,333	CA$47.8m	0%	no data
1.15%	Susquehanna International Group, LLP	1,202,300	CA$45.8m	128%	0.04%
0.96%	The Toronto-Dominion Bank	1,006,322	CA$38.4m	0.31%	0.03%
0.78%	D. E. Shaw & Co., L.P.	816,845	CA$31.1m	89.1%	0.02%
0.74%	Jane Street Group, LLC	772,129	CA$29.4m	85.2%	0.04%
0.71%	Van Den Berg Management I, Inc.	742,983	CA$28.3m	-1.33%	4.67%
0.71%	Amundi Asset Management SAS	740,149	CA$28.2m	5.24%	no data
0.67%	Russell Investment Management, LLC	696,352	CA$26.5m	-29.2%	0.02%
0.63%	Group One Trading LLC	659,115	CA$25.1m	521%	0.54%
0.59%	Citadel Advisors LLC	610,799	CA$23.3m	-41.8%	0.01%
0.56%	Friedberg Mercantile Group Ltd.	588,624	CA$22.4m	0%	40.76%
0.56%	FMR LLC	587,200	CA$22.4m	-9.94%	no data
0.54%	BMO Asset Management Corp.	567,484	CA$21.6m	11.7%	0.01%
0.52%	Dimensional Fund Advisors LP	547,132	CA$20.9m	26%	no data
0.52%	ALPS Advisors, Inc.	545,906	CA$20.8m	6.31%	0.06%
0.49%	The Buckingham Charitable Foundation	516,099	CA$19.7m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/28 05:06
End of Day Share Price	2025/11/28 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Seabridge Gold Inc. is covered by 11 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Lucas Pipes	B. Riley Securities, Inc.
Anthony Lesiak	Canaccord Genuity
Raj Ray	National Bank Financial