Head-To-Head Comparison: Seabridge Gold vs. Athena Gold

Analyzing the performance and potential of two basic materials companies

Published on Feb. 12, 2026

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Seabridge Gold (NYSE:SA) and Athena Gold (OTCMKTS:AHNR) are both basic materials companies, but a comparison of their institutional ownership, valuation, dividends, analyst recommendations, earnings, profitability and risk shows that Seabridge Gold appears to be the superior business.

Why it matters

This analysis provides investors with a detailed comparison of two gold exploration and mining companies, helping them make more informed decisions about where to allocate their capital in the basic materials sector.

The details

The analysis looks at key financial metrics like revenue, earnings per share, net margins, return on equity, and return on assets to assess the relative performance of Seabridge Gold and Athena Gold. It also examines factors like institutional ownership, insider ownership, and analyst recommendations to gauge the market's sentiment towards each company.

  • The analysis is based on data as of February 12, 2026.

The players

Seabridge Gold Inc.

A Canadian-based gold exploration and development company that acquires and explores gold properties in North America.

Athena Gold Corporation

An American exploration stage company that engages in the acquisition and exploration of mineral resources, primarily gold, in the United States.

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The takeaway

The analysis suggests that Seabridge Gold appears to be the superior business compared to Athena Gold based on factors like stronger institutional ownership, more favorable analyst recommendations, and better financial performance metrics. This information can help investors make more informed decisions about allocating capital in the basic materials sector.