SA
Seabridge Gold Inc.
Gold
Market Cap$3.23B
5Y Perf.+95.7%
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Stock Comparison
SA vs TRX
Revenue, margins, valuation, and 5-year total return — side by side.
TRX
TRX Gold Corporation
Gold
Market Cap$358M
5Y Perf.+45.9%
SA vs TRX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | SA | TRX |
|---|---|---|
| Industry | Gold | Gold |
| Market Cap | $3.23B | $358M |
| Revenue (TTM) | $0.00 | $98M |
| Net Income (TTM) | $-50M | $-6M |
| Gross Margin | — | 47.1% |
| Operating Margin | — | 35.2% |
| Forward P/E | — | 70.9x |
| Total Debt | $564M | $5M |
| Cash & Equiv. | $50M | $15M |
SA vs TRX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
SA
TRX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Seabridge Gold Inc. (SA) | 100 | 195.7 | +95.7% |
| TRX Gold Corporation (TRX) | 100 | 145.9 | +45.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SA vs TRX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: SA leads in 3 of 6 categories, making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. TRX Gold Corporation is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
SA
Seabridge Gold Inc.
The Income Pick
SA carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.21
- EPS growth 0.0%
- Lower volatility, beta 1.21, Low D/E 66.9%, current ratio 2.86x
Best for: income & stability and growth exposure
TRX
TRX Gold Corporation
The Long-Run Compounder
TRX is the clearest fit if your priority is long-term compounding.
- 143.1% 10Y total return vs SA's 125.7%
- 41.4% revenue growth vs SA's -6.1%
- +288.6% vs SA's +133.7%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TRX | 41.4% revenue growth vs SA's -6.1% |
| Quality / Margins | SA | 0.2% margin vs TRX's -6.5% |
| Stability / Safety | SA | Beta 1.21 vs TRX's 1.79 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | TRX | +288.6% vs SA's +133.7% |
| Efficiency (ROA) | SA | -2.9% ROA vs TRX's -3.5%, ROIC -1.3% vs 15.5% |
SA vs TRX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTRXLAGGINGSA
SASeabridge Gold Inc.
1leads
TRXTRX Gold Corporation
3leads
6 Total Categories
CATEGORYLEADERvs SAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
—
—
Valuation MetricsMultiples, price ratios, and targets
TRX1/1
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TRX7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TRX6/6
Risk & VolatilityBeta, volatility, and downside exposure
SA2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
Insufficient data to determine a leader in this category.
Income & Cash Flow (Last 12 Months)
TRX and SA operate at a comparable scale, with $98M and $0 in trailing revenue.
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| RevenueTrailing 12 months | $0 | $98M |
| EBITDAEarnings before interest/tax | -$22M | $40M |
| Net IncomeAfter-tax profit | -$50M | -$6M |
| Free Cash FlowCash after capex | -$126M | $6M |
| Gross MarginGross profit ÷ Revenue | — | +47.1% |
| Operating MarginEBIT ÷ Revenue | — | +35.2% |
| Net MarginNet income ÷ Revenue | — | -6.5% |
| FCF MarginFCF ÷ Revenue | — | +6.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +103.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -3.2% | — |
Insufficient data to determine a leader in this category.
Valuation Metrics
TRX leads this category, winning 1 of 1 comparable metric.
Valuation Metrics
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| Market CapShares × price | $3.2B | $358M |
| Enterprise ValueMkt cap + debt − cash | $3.6B | $351M |
| Trailing P/EPrice ÷ TTM EPS | -117.86x | — |
| Forward P/EPrice ÷ next-FY EPS est. | — | 70.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 17.61x |
| Price / SalesMarket cap ÷ Revenue | — | 6.14x |
| Price / BookPrice ÷ Book value/share | 4.34x | 3.55x |
| Price / FCFMarket cap ÷ FCF | — | 188.43x |
TRX leads this category, winning 1 of 1 comparable metric.
Profitability & Efficiency
TRX leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
SA delivers a -4.7% return on equity — every $100 of shareholder capital generates $-5 in annual profit, vs $-6 for TRX. TRX carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to SA's 0.67x. On the Piotroski fundamental quality scale (0–9), TRX scores 5/9 vs SA's 4/9, reflecting solid financial health.
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| ROE (TTM)Return on equity | -4.7% | -6.1% |
| ROA (TTM)Return on assets | -2.9% | -3.5% |
| ROICReturn on invested capital | -1.3% | +15.5% |
| ROCEReturn on capital employed | -1.6% | +15.3% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.67x | 0.04x |
| Net DebtTotal debt minus cash | $514M | -$9M |
| Cash & Equiv.Liquid assets | $50M | $15M |
| Total DebtShort + long-term debt | $564M | $5M |
| Interest CoverageEBIT ÷ Interest expense | -18.32x | 8.73x |
TRX leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TRX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRX five years ago would be worth $22,752 today (with dividends reinvested), compared to $17,085 for SA. Over the past 12 months, TRX leads with a +288.6% total return vs SA's +133.7%. The 3-year compound annual growth rate (CAGR) favors TRX at 28.6% vs SA's 24.2% — a key indicator of consistent wealth creation.
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| YTD ReturnYear-to-date | +1.8% | +37.8% |
| 1-Year ReturnPast 12 months | +133.7% | +288.6% |
| 3-Year ReturnCumulative with dividends | +91.4% | +112.5% |
| 5-Year ReturnCumulative with dividends | +70.8% | +127.5% |
| 10-Year ReturnCumulative with dividends | +125.7% | +143.1% |
| CAGR (3Y)Annualised 3-year return | +24.2% | +28.6% |
TRX leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
SA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
SA is the less volatile stock with a 1.21 beta — it tends to amplify market swings less than TRX's 1.79 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SA currently trades 75.8% from its 52-week high vs TRX's 44.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.21x | 1.79x |
| 52-Week HighHighest price in past year | $40.06 | $2.80 |
| 52-Week LowLowest price in past year | $11.12 | $0.30 |
| % of 52W HighCurrent price vs 52-week peak | +75.8% | +44.3% |
| RSI (14)Momentum oscillator 0–100 | 41.7 | 34.2 |
| Avg Volume (50D)Average daily shares traded | 946K | 4.4M |
SA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates SA as "Buy" and TRX as "Buy".
| Metric | SASeabridge Gold In… | TRXTRX Gold Corporat… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $1.88 |
| # AnalystsCovering analysts | 4 | 1 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.2% |
Insufficient data to determine a leader in this category.
Key Takeaway
TRX leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). SA leads in 1 (Risk & Volatility).
Best OverallTRX Gold Corporation (TRX)Leads 3 of 6 categories
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SA vs TRX: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is SA or TRX a better buy right now?
Analysts rate Seabridge Gold Inc.
(SA) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — SA or TRX?
Over the past 5 years, TRX Gold Corporation (TRX) delivered a total return of +127.
5%, compared to +70. 8% for Seabridge Gold Inc. (SA). Over 10 years, the gap is even starker: TRX returned +143. 1% versus SA's +125. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — SA or TRX?
By beta (market sensitivity over 5 years), Seabridge Gold Inc.
(SA) is the lower-risk stock at 1. 21β versus TRX Gold Corporation's 1. 79β — meaning TRX is approximately 49% more volatile than SA relative to the S&P 500. On balance sheet safety, TRX Gold Corporation (TRX) carries a lower debt/equity ratio of 4% versus 67% for Seabridge Gold Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — SA or TRX?
TRX Gold Corporation (TRX) is the more profitable company, earning 1.
2% net margin versus 0. 0% for Seabridge Gold Inc. — meaning it keeps 1. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRX leads at 27. 5% versus 0. 0% for SA. At the gross margin level — before operating expenses — TRX leads at 41. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — SA or TRX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is SA or TRX better for a retirement portfolio?
For long-horizon retirement investors, Seabridge Gold Inc.
(SA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 21), +125. 7% 10Y return). TRX Gold Corporation (TRX) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SA: +125. 7%, TRX: +143. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between SA and TRX?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SA is a small-cap quality compounder stock; TRX is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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