Seabridge Gold Inc.

LSE:0VGV Stock Report

Market Cap: CA$1.8b

Seabridge Gold Valuation

Is 0VGV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0VGV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 0VGV's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 0VGV's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0VGV?

Key metric: As 0VGV is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for 0VGV. This is calculated by dividing 0VGV's market cap by their current book value.
What is 0VGV's PB Ratio?
PB Ratio2.1x
BookCA$862.85m
Market CapCA$1.85b

Price to Book Ratio vs Peers

How does 0VGV's PB Ratio compare to its peers?

The above table shows the PB ratio for 0VGV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average6.2x
HOC Hochschild Mining
2.4x52.9%UK£1.1b
PAF Pan African Resources
2.3x27.0%UK£662.2m
GGP Greatland Gold
18.4x39.3%UK£753.7m
CEY Centamin
1.5x21.7%UK£1.7b
0VGV Seabridge Gold
2.1xn/aCA$1.8b

Price-To-Book vs Peers: 0VGV is good value based on its Price-To-Book Ratio (2.1x) compared to the peer average (6.2x).

Price to Book Ratio vs Industry

How does 0VGV's PB Ratio compare vs other companies in the GB Metals and Mining Industry?

11 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.5%US$56.91m
GEMD Gem Diamonds
0.1x1.9%US$18.23m
RMM Rambler Metals and Mining
0.05xn/aUS$4.07m
RRR Red Rock Resources
0.1xn/aUS$2.54m
0VGV 2.1xIndustry Avg. 0.9xNo. of Companies16PB00.61.21.82.43+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 0VGV is expensive based on its Price-To-Book Ratio (2.1x) compared to the UK Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is 0VGV's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0VGV PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 0VGV's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0VGV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$20.37
CA$41.17
+102.1%
19.5%CA$48.50CA$30.00n/a3
Nov ’25CA$26.09
CA$41.17
+57.8%
19.5%CA$48.50CA$30.00n/a3
Oct ’25CA$22.68
CA$46.75
+106.1%
3.7%CA$48.50CA$45.00n/a2
Sep ’25CA$25.00
CA$45.75
+83.0%
1.6%CA$46.50CA$45.00n/a2
Aug ’25CA$23.05
CA$45.75
+98.5%
1.6%CA$46.50CA$45.00n/a2
Jul ’25n/a
CA$37.25
0%
24.8%CA$46.50CA$28.00n/a2
Jun ’25CA$21.75
CA$38.50
+77.0%
20.1%CA$46.50CA$28.00n/a3
May ’25CA$20.27
CA$38.50
+89.9%
20.1%CA$46.50CA$28.00n/a3
Apr ’25CA$20.43
CA$38.50
+88.4%
20.1%CA$46.50CA$28.00n/a3
Mar ’25CA$15.77
CA$38.50
+144.1%
20.1%CA$46.50CA$28.00n/a3
Feb ’25n/a
CA$38.50
0%
20.1%CA$46.50CA$28.00n/a3
Jan ’25CA$16.76
CA$37.08
+121.3%
23.5%CA$45.25CA$25.00n/a3
Dec ’24CA$16.55
CA$35.13
+112.2%
28.8%CA$45.25CA$25.00n/a2
Nov ’24n/a
CA$37.42
0%
23.7%CA$45.25CA$25.00CA$26.093
Oct ’24n/a
CA$43.63
0%
3.7%CA$45.25CA$42.00CA$22.682
Sep ’24n/a
CA$43.63
0%
3.7%CA$45.25CA$42.00CA$25.002
Aug ’24n/a
CA$43.63
0%
3.7%CA$45.25CA$42.00CA$23.052
Jul ’24n/a
CA$43.63
0%
3.7%CA$45.25CA$42.00n/a2
Jun ’24n/a
CA$40.08
0%
12.9%CA$45.25CA$33.00CA$21.753
May ’24n/a
CA$39.75
0%
9.4%CA$43.50CA$36.00CA$20.272
Apr ’24CA$16.59
CA$39.75
+139.6%
9.4%CA$43.50CA$36.00CA$20.432
Mar ’24n/a
CA$39.75
0%
9.4%CA$43.50CA$36.00CA$15.772
Feb ’24n/a
CA$43.50
0%
14.1%CA$51.00CA$36.00n/a3
Jan ’24n/a
CA$43.83
0%
13.1%CA$51.00CA$37.00CA$16.763
Dec ’23n/a
CA$43.83
0%
13.1%CA$51.00CA$37.00CA$16.553
Nov ’23n/a
CA$43.83
0%
13.1%CA$51.00CA$37.00n/a3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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