Executive Summary
Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. More Details
Risk Analysis
Earnings are forecast to decline by an average of 29% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with weak fundamentals.
Share Price & News
How has Seabridge Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SEA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SEA's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
0.4%
SEA
1.9%
CA Metals and Mining
-0.2%
CA Market
1 Year Return
37.6%
SEA
33.4%
CA Metals and Mining
1.5%
CA Market
Return vs Industry: SEA exceeded the Canadian Metals and Mining industry which returned 33.4% over the past year.
Return vs Market: SEA exceeded the Canadian Market which returned 1.5% over the past year.
Shareholder returns
| SEA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 1.9% | -0.2% |
| 30 Day | -6.0% | -0.6% | 2.7% |
| 90 Day | -0.2% | -2.4% | 12.5% |
| 1 Year | 37.6%37.6% | 34.6%33.4% | 5.2%1.5% |
| 3 Year | 77.0%77.0% | 39.6%36.6% | 13.5%2.7% |
| 5 Year | 191.6%191.6% | 161.0%152.6% | 60.0%35.5% |
Long-Term Price Volatility Vs. Market
How volatile is Seabridge Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Seabridge Gold Inc.'s (TSE:SEA) Shares?2 months ago | Simply Wall St
Have Insiders Been Selling Seabridge Gold Inc. (TSE:SEA) Shares?3 months ago | Simply Wall St
Is Seabridge Gold Inc. (TSE:SEA) Popular Amongst Institutions?Valuation
Is Seabridge Gold undervalued compared to its fair value and its price relative to the market?
3.59x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SEA's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SEA's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SEA is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: SEA is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SEA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SEA is overvalued based on its PB Ratio (3.6x) compared to the CA Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Seabridge Gold forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-29.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SEA is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: SEA is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: SEA is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: Insufficient data to determine if SEA's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if SEA's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SEA's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Seabridge Gold performed over the past 5 years?
-7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SEA is currently unprofitable.
Growing Profit Margin: SEA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SEA is unprofitable, and losses have increased over the past 5 years at a rate of 7.8% per year.
Accelerating Growth: Unable to compare SEA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SEA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (78.3%).
Return on Equity
High ROE: SEA has a negative Return on Equity (-1.11%), as it is currently unprofitable.
Next Steps
Financial Health
How is Seabridge Gold's financial position?
Financial Position Analysis
Short Term Liabilities: SEA's short term assets (CA$51.6M) exceed its short term liabilities (CA$11.7M).
Long Term Liabilities: SEA's short term assets (CA$51.6M) exceed its long term liabilities (CA$26.7M).
Debt to Equity History and Analysis
Debt Level: SEA is debt free.
Reducing Debt: SEA has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SEA has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SEA has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 6.8% each year.
Next Steps
Dividend
What is Seabridge Gold current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SEA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SEA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SEA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SEA's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.6yrs
Average management tenure
CEO
Rudi Fronk (61 yo)
21.25yrs
Tenure
CA$1,531,010
Compensation
Mr. Rudi P. Fronk, B.sc., M.sc., has been the Chairman and Chief Executive Officer of Seabridge Gold, Inc. since June 27, 2012 and October 1999 respectively. He serves as the President of Seabridge Gold Co...
CEO Compensation Analysis
Compensation vs Market: Rudi's total compensation ($USD1.20M) is below average for companies of similar size in the Canadian market ($USD2.13M).
Compensation vs Earnings: Rudi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.25yrs | CA$1.53m | 1.34% CA$ 25.1m | |
| President | 8.58yrs | CA$1.23m | 0.013% CA$ 238.0k | |
| VP of Finance & CFO | 9.67yrs | CA$487.67k | 0.15% CA$ 2.8m | |
| Senior Vice President of Technical Services | 7.5yrs | CA$638.74k | 0.052% CA$ 966.9k | |
| VP, General Counsel & Corporate Secretary | 2yrs | CA$1.83m | 0.086% CA$ 1.6m | |
| Senior Vice President of Environmental Affairs | 1yr | CA$1.57m | 0.073% CA$ 1.4m | |
| Assistant Corporate Secretary | 17.58yrs | no data | no data |
9.6yrs
Average Tenure
60yo
Average Age
Experienced Management: SEA's management team is seasoned and experienced (9.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 21.25yrs | CA$1.53m | 1.34% CA$ 25.1m | |
| President | 8.58yrs | CA$1.23m | 0.013% CA$ 238.0k | |
| Independent Director | 6.58yrs | CA$158.44k | 0.045% CA$ 850.4k | |
| Independent Director | 21.25yrs | CA$145.07k | 0.51% CA$ 9.6m | |
| Independent Director | 15yrs | CA$158.44k | 0.13% CA$ 2.5m | |
| Independent Director | 2.58yrs | CA$158.44k | 0.013% CA$ 253.2k | |
| Independent Director | 4.67yrs | CA$145.07k | 0.010% CA$ 189.7k | |
| Independent Director | 7.08yrs | CA$165.13k | 0.032% CA$ 607.5k | |
| Independent Director | 1.58yrs | CA$72.21k | 0.0053% CA$ 98.7k |
7.1yrs
Average Tenure
74yo
Average Age
Experienced Board: SEA's board of directors are considered experienced (7.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SEA insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 17.2%.
Top Shareholders
Company Information
Seabridge Gold Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Seabridge Gold Inc.
- Ticker: SEA
- Exchange: TSX
- Founded: 1979
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.877b
- Shares outstanding: 74.15m
- Website: https://www.seabridgegold.net
Location
- Seabridge Gold Inc.
- 106 Front Street East
- Suite 400
- Toronto
- Ontario
- M5A 1E1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SEA | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 1982 |
| SA | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Sep 1982 |
| SRM | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 1982 |
| 0VGV | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Sep 1982 |
Biography
Seabridge Gold Inc., together with its subsidiaries, engages in the acquisition and exploration of gold properties in North America. The company also explores for copper and silver ores. Its principal proj...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:53 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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 here.