Is SA or THM more undervalued in 2026?

CirclFi compares Seabridge Gold, Inc. (SA) and International Tower Hill Mines, (THM) using 13 institutional-grade valuation models. SA has a Quality of Company score of 1.7/10 while THM scores 4.8/10.

Which is a better buy — SA or THM?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do SA and THM valuations compare?

SA at $32.32 and THM at $2.54 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

SA vs THM Valuation Comparison 2026 — Intrinsic Value Analysis

SA

Gold

Seabridge Gold, Inc.

Quality

1.7

out of 10

Value Trap

—

Price

$32.32

Last close

Models

10/13

Active

THM

Gold

International Tower Hill Mines,

Quality

4.8

out of 10

Value Trap

SAFE

Price

$2.54

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	SA Fair Value	SA Upside	THM Fair Value	THM Upside
Bayesian DCF	Intrinsic	$9.54	-70.5%	$0.81	-67.9%
Earnings Power Value	Intrinsic	$12.15	-59.6%	—	—
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$3.84	-87.6%	$0.45	-82.4%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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SA vs THM — Which Stock Is More Undervalued?

THM scores higher with a 4.8/10 quality rating vs SA's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Seabridge Gold, Inc. (SA) and International Tower Hill Mines, (THM) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

SA currently trades at $32.32 with a QOC of 1.7/10, while THM trades at $2.54 with a QOC of 4.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).