Seabridge Gold Ownership

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

Recent Insider Transactions

BST:SRM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Oct 25	Sell€12,563	Neggar Shafai	Individual	550	€22.84
09 Oct 25	Sell€36,932	Tracey Arlaud	Individual	1,700	€21.72
03 Oct 25	Sell€5,336	Neggar Shafai	Individual	250	€21.35
02 Oct 25	Sell€5,384	Neggar Shafai	Individual	250	€21.53
15 Sep 25	Sell€4,262	Neggar Shafai	Individual	250	€17.05
02 Sep 25	Sell€34,676	Tracey Arlaud	Individual	2,300	€15.08
22 Jul 25	Sell€5,031	Neggar Shafai	Individual	350	€14.37
16 Jun 25	Buy€63,347	John Sabine	Individual	5,000	€12.67
16 Jun 25	Sell€50,575	John Sabine	Individual	4,000	€12.64
04 Apr 25	Buy€21,883	John Sabine	Individual	2,400	€9.12
03 Mar 25	Buy€44,796,016	Pan Atlantic Bank and Trust Limited, Asset Management Arm	Company	4,419,179	€10.14
03 Mar 25	Buy€44,796,016	Pan Atlantic Bank and Trust Limited, Asset Management Arm	Company	4,419,179	€10.14
25 Feb 25	Buy€23,334	Melanie Miller	Individual	2,000	€11.67
19 Feb 25	Buy€58,855	John Sabine	Individual	5,000	€11.77
18 Feb 25	Buy€1,405,173	FCMI Parent Co.	Company	120,000	€11.71
18 Feb 25	Buy€1,405,173	FCMI Parent Co.	Company	120,000	€11.71

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of SRM?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,444,713	2.39%
Private Companies	4,972,625	4.87%
General Public	43,367,358	42.5%
Institutions	51,344,368	50.3%

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

Top Shareholders

Top 25 shareholders own 45.83% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.5%	Pan Atlantic Bank And Trust Limited	10,673,611	€215.6m	0%	100.0%
7.23%	Kopernik Global Investors, LLC	7,382,606	€149.1m	0.54%	3.17%
4.87%	FCMI Parent Co.	4,972,625	€100.4m	0%	no data
2.67%	Tidal Investments LLC	2,731,868	€55.2m	-14.6%	0.34%
2.58%	Van Eck Associates Corporation	2,635,492	€53.2m	-11.3%	0.05%
2.03%	Paulson & Co. Inc.	2,070,000	€41.8m	0%	1.03%
1.79%	Canadian Imperial Bank of Commerce	1,828,709	€36.9m	49.2%	0.08%
1.46%	Ontario Teachers' Pension Plan Board	1,490,415	€30.1m	10.8%	0.46%
1.23%	Rudi Fronk	1,255,333	€25.4m	0%	no data
1.18%	Raymond James Financial, Inc.	1,204,496	€24.3m	0.45%	0.01%
1.03%	Citadel Advisors LLC	1,049,924	€21.2m	144%	0.02%
0.98%	The Toronto-Dominion Bank	1,003,191	€20.3m	0.05%	0.03%
0.97%	Morgan Stanley	993,682	€20.1m	45.2%	no data
0.96%	Russell Investment Management, LLC	984,169	€19.9m	-17.5%	0.02%
0.74%	Van Den Berg Management I, Inc.	753,003	€15.2m	-0.37%	4.51%
0.69%	Amundi Asset Management SAS	703,281	€14.2m	-16.8%	no data
0.67%	Millennium Management LLC	684,033	€13.8m	149%	0.01%
0.64%	FMR LLC	652,000	€13.2m	0%	no data
0.58%	Friedberg Mercantile Group Ltd.	588,624	€11.9m	0%	38.23%
0.53%	The Goldman Sachs Group, Inc.	542,398	€11.0m	0%	no data
0.53%	Marshall Wace LLP	541,886	€10.9m	11.4%	0.02%
0.52%	Susquehanna International Group, LLP	527,835	€10.7m	42.1%	0.02%
0.51%	The Buckingham Charitable Foundation	516,099	€10.4m	0%	no data
0.5%	ALPS Advisors, Inc.	513,521	€10.4m	8.29%	0.05%
0.5%	BMO Asset Management Corp.	508,265	€10.3m	-3.31%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/24 09:58
End of Day Share Price	2025/10/24 00:00
Earnings	2025/06/30
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