Sandstorm Gold (SAND)

• Market cap: $1.84B
• 1 day: 1.80%
• 5 days: 1.14%
• 1 month: -3.42%
• 3 months: 6.14%
• 6 months: 10.28%
• Year to date: 8.93%
• 1 year: 30.67%
• 5 years: 21.48%
• 10 years: 117.48%
• Sector: Materials
• Industry: Gold & Silver Mining

About: Sandstorm Gold Ltd provides financing to companies engaged in gold mining through the gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, Platreef, Greenstone, and Cerro Moro.

Employees: 29

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

50% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 48

17% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 36

1% more funds holding

Funds holding: 210 [Q3] → 213 (+3) [Q4]

2% more capital invested

Capital invested by funds: $967M [Q3] → $988M (+$21.4M) [Q4]

0.8% more ownership

Funds ownership: 53.58% [Q3] → 54.38% (+0.8%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

10% less call options, than puts

Call options by funds: $6.12M | Put options by funds: $6.8M

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7.25 17% upside
• Avg. target: $9.38 51% upside
• High target: $11.50 85% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Scotiabank Tanya Jakusconek 84% 1-year accuracy 16 / 19 met price target	17% upside $7.25	Sector Perform Maintained	27 Feb 2025
HC Wainwright & Co. Heiko Ihle 51% 1-year accuracy 99 / 194 met price target	85% upside $11.50	Buy Maintained	19 Feb 2025