Sandstorm Gold: Irrational Recent Price Decline [Seeking Alpha]
Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)
NASDAQ:AMEX Investor Relations:
sandstormgold.com/investors
Company Research
Source: Seeking Alpha
Introduction - What Is Happening? Despite strong market conditions, Sandstorm Gold ( NYSE: SAND TSX: SSL:CA ) has punished investors with an almost 20% price decline over the past 12 months and an almost 60% drawdown since the gold miners index ( GDX ) peaked in July 2020. This article will examine if those declines are warranted, or if there is now value hiding in this mid-tier royalty and streaming company. In essence, it is a wonderful time to be investing in gold royalty and streaming, but Sandstorm has been hindered by a high debt load, past share issuance, and perceived counterparty risk, particularly with SSR Mining's ( SSRM ) precarious position following the collapse of their Copler mine However, these risks are highly manageable for Sandstorm, as they remain highly profitable with large amounts of free cash flow to allocate towards paying their obligations, with or without the support of SSRM. The recent drawdowns in SAND are overdone and now present a buying opportun
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News
- Wall Street Analysts Think Sandstorm Gold (SAND) Could Surge 37.32%: Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- Sandstorm Gold Ltd. (NYSE: SAND) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $11.00 price target on the stock.MarketBeat
- Sandstorm Gold Royalties Announces 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Sandstorm Gold Royalties Announces 2024 First Quarter ResultsPR Newswire
- Sandstorm Gold Royalties Announces Sale of Select Non-Core, Non-Precious Metals Assets and Renews Normal Course Issuer Bid [Yahoo! Finance]Yahoo! Finance
SAND
Sec Filings
- 5/13/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- SAND's page on the SEC website