Seabridge Gold Inc. (SA) Fair Value 2026

SA · Gold ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.2 /10

32 fundamental signals · 3 models active

Value Trap Risk

LOW (27/100)

Quick Summary — As of 2026-08-27, Seabridge Gold Inc. (SA) trades at $34.06, versus a $2.49 median fair value across its 3 active models — 92.7% below the current price. QOC: 6.2/10. Value Trap Risk: 27/100 (LOW). 3/13 models active.

Key Facts

Ticker
SA
Price
$34.06
Quality Score
6.2/10
Value Trap Risk
27/100
Models Active
3/13
Last Updated
Strength: 3 independent models provide multi-angle coverage
Risk: Majority of models suggest overvaluation

Is Seabridge Gold Inc. (SA) Undervalued or Overvalued in 2026?

According to CirclFi’s 3-model valuation engine, Seabridge Gold Inc. (SA) appears overvalued as of : the median of 3 independent fair value estimates is $2.49, 92.7% below the current price of $34.06. Estimates range from $0.70 to $6.08. SA scores 6.2/10 on fundamental quality and 27/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. SA’s -92.7% gap is wider than that market norm, and the Gold sector median is -28.9%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Seabridge Gold Inc. Stock in 2026? →

What Fair Value Does Each Model Give SA?

3 Intrinsic Value Models vs. Current Price ($34.06)

Core Models (Unlocked)
Model Fair Value Upside
Scenario · Medium Conviction
 $6.08 -82.2%
Intrinsic · Medium Conviction
 $2.49 -92.7%
Relative · Low Conviction
 $0.70 -97.9%

All Models Active

All 3 models are displayed above.

What Is SA's Fair Value Range?

Spread across 3 independent models · $0.70 to $6.08

CirclFi's 3 active models place Seabridge Gold Inc. (SA) between $0.70 and $6.08 per share, a spread of 216% of the median. The median of that range — $2.49 — is the fair value CirclFi publishes for SA, against a current price of $34.06.

Low · Regime CrossHigh · First Chicago
$0.70median $2.49$6.08
Where the range comes from
Most bearish modelRegime Cross-Sectional$0.70
Most bullish modelFirst Chicago$6.08
Model agreement0 bullish · 3 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for SA. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on SA, not a CirclFi price target. How each model works →

What Is Seabridge Gold Inc. (SA) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Seabridge Gold Inc.'s intrinsic value is estimated at $2.49. Trading at its current price of $34.06, the valuation engine raises significant caution: 3 of 3 models flag downside risk, projecting a median implied return of -92.7%.

What Do the Models Say About SA?

3 of 13 models are currently active for SA. All 3 active models suggest the stock trades above fair value. Taken together, their median fair value for SA is $2.49 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does SA Rank in Gold?

Among 57 Gold stocks, SA ranks #14 by Quality of Company score. CirclFi's QOC score of 6.2/10 evaluates 32 fundamental signals. A score of 6.2 indicates above-average quality.

See all Most Undervalued Gold Stocks →

Seabridge Gold Inc. operates in a competitive landscape where fundamental quality metrics are key differentiators for long-term value creation.

Is SA a Value Trap?

CirclFi's Value Trap algorithm assigns SA a score of 27/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

3 of 13 models are active for Seabridge Gold Inc.. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Deep Alpha Valuation Engine, Seabridge Gold Inc. scores 6.2 out of 10 on our 32-signal quality assessment, a solid rating that maintains reasonable quality metrics with some areas for improvement. The QOC score synthesizes profitability margins, revenue growth reliability, debt management, and capital allocation into a single metric designed to separate durable businesses from statistically cheap ones.

Models cluster within a tight range (+15.8% spread), increasing conviction. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every SA valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across SA's 3 active models, average confidence is 31%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Seabridge Gold Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Gold Stocks Should You Also Analyze?

11 related Gold stocks with 13-model coverage

NAMMNamib MineralsQOC 6.7GLDGGoldMining Inc.QOC 6.2OROR Royalties Inc.QOC 6.8OGCOceanaGold CorporationQOC 6.1CGAUCenterra Gold Inc.QOC 6.9MAKOMako Mining Corp.QOC 6.0THMInternational Tower Hill Mines Ltd.QOC 5.2GAUGaliano Gold Inc.QOC 3.1EQXEquinox Gold Corp.QOC 2.5FSMFortuna Mining Corp.QOC 9.3NEMNewmont CorporationQOC 9.3

Read investment analysis: NAMM · GLDG · OR · OGC · CGAU · MAKO · THM · GAU · EQX · FSM · NEM

Which Other Stocks Have a Similar Quality Score to SA?

7 companies across all industries closest to SA’s Quality of Company score of 6.2/10.

OFIXOrthofix Medical Inc.QOC 6.2NTIPNetwork-1 Technologies, Inc.QOC 6.2TTSHTile Shop Holdings, Inc.QOC 6.2LGIHLGI Homes, Inc.QOC 6.2NWENorthWestern Energy Group, Inc.QOC 6.2LILALiberty Latin America Ltd.QOC 6.2NVDANVIDIA CorporationQOC 10.0

Read investment analysis: OFIX · NTIP · TTSH · LGIH · NWE · LILA · NVDA

Where Does SA Sit in CirclFi's Gold Rankings?

SA is ranked against every other Gold stock CirclFi covers in each of these screens.

See all Gold stocks ranked →

What Else Do Investors Ask About Seabridge Gold Inc.’s Valuation?

What is Seabridge Gold Inc.'s intrinsic value in 2026?

CirclFi puts Seabridge Gold Inc. (SA)'s intrinsic value at $2.49 — the median of 3 independent model estimates as of 2026-08-27, ranging from $0.70 to $6.08. The Quality of Company score is 6.2/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is SA overvalued or undervalued right now?

At $34.06, 0 of 3 active models suggest SA may be undervalued, while 3 indicate potential overvaluation. The median of all 3 fair value estimates is $2.49, 92.7% below the current price of $34.06 — a consensus view that SA is overvalued. The assessment depends on which methodology best fits Seabridge Gold Inc.'s business model in Gold.

What does a Quality of Company score of 6.2 mean for SA?

Seabridge Gold Inc.'s QOC of 6.2/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on SA?

CirclFi analyzes SA with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 3 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on SA?

Of the 3 models currently active on SA, First Chicago is the most bullish at $6.08 per share, and Regime Cross-Sectional is the most bearish at $0.70. CirclFi's published fair value for SA is the median of that range, $2.49, not either extreme. The gap between the two ends equals 216% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is SA a value trap in 2026?

Seabridge Gold Inc.'s Value Trap score is 27/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 3-model valuation engine, Seabridge Gold Inc. (SA) has a median fair value of $2.49 — 92.7% below the current price of $34.06 — as of 2026-08-27.” Source: circlfi.com/stock/SA/ · Methodology
Primary sources for this SA valuation
  • Financial statements: Seabridge Gold Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001231346) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for SA as of ; valuations recomputed .