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Seabridge Gold ( (TSE:SEA) ) just unveiled an update.
On May 13, 2026, Seabridge Gold reported first-quarter 2026 results, posting a net loss of $6.6 million, or $0.06 per share, versus a net profit of $10.6 million a year earlier, mainly due to non-cash revaluation movements on secured notes and higher corporate costs. Despite the loss, the company increased investment in mineral interests, property and equipment to $22.3 million, largely at its flagship KSM project, and strengthened working capital to $131.3 million as of March 31, 2026, helped by $35.8 million raised through its at-the-market equity program.
Operationally, the board has set corporate objectives for 2026, updated KSM’s mineral resources using price assumptions aligned with other Tier 1 miners, and reported a maiden mineral resource for the Snip North deposit, underscoring continued growth in its resource base. Seabridge also moved ahead on strategic initiatives, positioning KSM for a partnership announcement and setting a meeting date to approve the planned spin-out of its Courageous Lake project, developments that could reshape its asset portfolio and partnership profile in the coming year.
The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$71.00 price target. To see the full list of analyst forecasts on Seabridge Gold stock, see the TSE:SEA Stock Forecast page.
Spark’s Take on SEA Stock
According to Spark, TipRanks’ AI Analyst, SEA is a Neutral.
The score is held down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn that suggests continued funding needs) and bearish technical momentum (price below key moving averages and negative MACD). Valuation contributes little support because the negative P/E reflects losses and there is no dividend yield provided.
To see Spark’s full report on SEA stock, click here.
More about Seabridge Gold
Seabridge Gold is a Canadian precious metals company focused on gold exploration and development in North America. Its principal assets are the KSM and Bronson Corridor projects in British Columbia’s Golden Triangle, complemented by projects such as Courageous Lake in the Northwest Territories, Snowstorm in Nevada’s Getchell Gold Belt, and the 3 Aces project in the Yukon.
The company seeks to advance large-scale gold resources, positioning itself as a developer of Tier 1 gold projects that could attract major mining partners. Its portfolio strategy emphasizes district-scale assets in politically stable jurisdictions, targeting long-life projects that appeal to global producers and institutional investors.
Average Trading Volume: 186,688
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.84B
See more insights into SEA stock on TipRanks’ Stock Analysis page.