Seabridge Gold (MEX:SAN) Moat Score: 3/10 (As of Jun. 25, 2026)


MEX:SAN Seabridge Gold Inc MEX:SAN
33 GF Score
Price MXN383.93
! 1 Warning Sign
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What is Seabridge Gold Moat Score?

Seabridge Gold MEX:SAN 33 Moat Score is 3 as of Jun. 25, 2026. GuruFocus rates MEX:SAN with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 2,615 Metals & Mining companies, Seabridge Gold ranks better than 94.03% on this metric.

Seabridge Gold has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Seabridge Gold has No Moat: Seabridge Gold has weak competitive advantages. It lacks significant cost advantages or regulatory barriers, and its market position is vulnerable to commodity price fluctuations.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Seabridge Gold might have No Moat - Very weak/transient advantages.

Seabridge Gold  (MEX:SAN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Seabridge Gold Moat Score Related Terms

MEX:SAN vs HYMC, AUGO, DC: Moat Score Comparison

For the Gold subindustry, Seabridge Gold's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Seabridge Gold Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Seabridge Gold's Moat Score distribution charts can be found below:

* The bar in red indicates where Seabridge Gold's Moat Score falls into.


MEX:SAN
33GF Score
Seabridge Gold Inc MEX:SAN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Seabridge Gold (MEX:SAN) has a Moat Score of 3 as of Jun. 25, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Seabridge Gold ranks #156 out of 2615 companies in the Metals & Mining industry, placing it in the top 6%.
Is Seabridge Gold's Moat Score too high?
Seabridge Gold's current Moat Score is 3. The Metals & Mining industry median Moat Score is 1.00. Seabridge Gold's value of 3 is 200% above this industry median. Based on the distribution chart, Seabridge Gold ranks #156 out of 2615 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Seabridge Gold has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Seabridge Gold's Moat Score compare to HYMC and AUGO?
According to the Metals & Mining industry distribution chart, Seabridge Gold ranks #156 out of 2615 companies for Moat Score. This places Seabridge Gold in the top 6% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Seabridge Gold's value of 3 is 200% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,615 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Seabridge Gold's current Moat Score of 3 is 200% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seabridge Gold's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seabridge Gold stock overvalued right now?
Seabridge Gold (MEX:SAN) has a current Moat Score of 3. The current Moat Score is 3 and 200% above the Metals & Mining industry median of 1.00. Seabridge Gold's overall GF Score™ is 33/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Seabridge Gold (MEX:SAN), the current Moat Score is 3 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Seabridge Gold Business Description

Address 106 Front Street East, Suite 400, Toronto, ON, CAN, M5A 1E1
Seabridge Gold Inc is a development-stage company involved in the exploration and development of gold properties situated in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia and the 3 Aces Project in southeast Yukon. The company has various other mineral resource projects throughout North America.
33GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN383.93
Price