Seabridge Gold GAAP EPS of $0.12
Financial Performance: Seabridge Gold reported a Q2 GAAP EPS of $0.12 and increased its investment in mineral interests, property, and equipment to $21.1 million from $12.6 million in the same quarter last year.
Working Capital Growth: As of June 30, 2024, Seabridge's net working capital rose significantly to $103.1 million compared to $37.8 million at the end of December 2024.
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- Share Acquisition: According to a SEC filing dated February 17, 2026, Van Den Berg Management I, Inc acquired an additional 16,382 shares of MarketAxess during Q4 2025, bringing its total position to $5.51 million, a $3.07 million increase, indicating strong confidence in the company.
- Asset Allocation: MarketAxess represents 1.26% of Van Den Berg's 13F reportable AUM, highlighting its significant role in the fund's portfolio and reflecting its strategic importance in the fixed income market.
- Market Performance: As of February 13, 2026, MarketAxess shares were priced at $179.36, down 4.8% over the past year, underperforming the S&P 500 by 16.6 percentage points, suggesting market caution regarding its future growth prospects.
- Industry Competition: As electronic trading expands, MarketAxess has become a leading platform in the U.S. corporate credit market; however, its future growth will depend on maintaining market share against competitors like Tradeweb and Bloomberg in the electronic credit trading space.
- Executive Change: Seabridge Gold announced the resignation of Chief Financial Officer Chris Reynold, although the specific reasons for his departure were not disclosed, this move may impact the continuity of the company's financial strategy.
- Market Reaction: Following the announcement, Seabridge Gold's stock price may experience short-term volatility, as investor sensitivity to executive changes could exacerbate market uncertainty.
- Succession Plan: The company has yet to announce a specific successor for the CFO position, and the lack of a clear succession plan may undermine investor confidence, particularly as the company seeks to expand its mining projects during a critical period.
- Strategic Implications: The departure of the CFO could affect Seabridge Gold's financial management and capital allocation decisions, especially against the backdrop of current fluctuations in the gold and silver markets, potentially challenging the company's financial stability.
Market Surge: Spot gold prices have surged above $5,300, setting new records in the market.
FOMC Meeting Anticipation: The increase in gold prices comes ahead of the upcoming Federal Open Market Committee (FOMC) meeting.
Record High for Silver Prices: Silver prices have reached a record high of $115.13 per ounce, marking a significant increase.
Percentage Increase: The price of silver has risen over 11% recently, contributing to its record-setting value.








