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Sandstorm Gold Ltd N (SAND)


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Upturn Advisory Summary
10/15/2025: SAND (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $11.83
1 Year Target Price $11.83
2 | Strong Buy |
7 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 6.64% | Avg. Invested days 41 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.65B USD | Price to earnings Ratio 103.67 | 1Y Target Price 11.83 |
Price to earnings Ratio 103.67 | 1Y Target Price 11.83 | ||
Volume (30-day avg) 10 | Beta 0.79 | 52 Weeks Range 5.29 - 12.90 | Updated Date 10/15/2025 |
52 Weeks Range 5.29 - 12.90 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 0.45% | Basic EPS (TTM) 0.12 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.78% | Operating Margin (TTM) 50.6% |
Management Effectiveness
Return on Assets (TTM) 3.03% | Return on Equity (TTM) 2.55% |
Valuation
Trailing PE 103.67 | Forward PE 44.25 | Enterprise Value 3946620921 | Price to Sales(TTM) 18.86 |
Enterprise Value 3946620921 | Price to Sales(TTM) 18.86 | ||
Enterprise Value to Revenue 20.39 | Enterprise Value to EBITDA 27.16 | Shares Outstanding 293157955 | Shares Floating 268441808 |
Shares Outstanding 293157955 | Shares Floating 268441808 | ||
Percent Insiders 1.48 | Percent Institutions 75.12 |
Upturn AI SWOT
Sandstorm Gold Ltd N

Company Overview
History and Background
Sandstorm Gold Ltd. was founded in 2008. It operates as a streaming and royalty company, providing upfront financing to precious metals mining companies in exchange for a percentage of their future production.
Core Business Areas
- Precious Metals Streaming: Sandstorm provides upfront capital to mining companies. In return, Sandstorm receives a fixed percentage of the mine's precious metal production (typically gold, silver, or other metals) for the life of the mine or for a specified period.
- Royalty Agreements: Similar to streaming, royalty agreements involve Sandstorm receiving a percentage of revenue or profit from a mine's production. However, royalties don't necessarily involve upfront financing.
Leadership and Structure
Nolan Watson is the President and CEO. The company has a board of directors overseeing corporate governance. The organizational structure is typical for a streaming and royalty company, with teams focused on deal origination, technical evaluation, and portfolio management.
Top Products and Market Share
Key Offerings
- Gold Streams and Royalties: Gold streams and royalties are Sandstorm's primary revenue source. Streams typically last for the life of the mine, providing a consistent return of investment. The nature of streaming means competitors are other similar streaming and royalty companies.
- Silver Streams and Royalties: Similar to gold, Sandstorm has diversified into silver streams and royalties. Competitors are other similar streaming and royalty companies.
- Base Metal Streams and Royalties: Sandstorm also diversified into copper, nickel and other base metal streams and royalties in recent years. Competitors are other similar streaming and royalty companies.
Market Dynamics
Industry Overview
The precious metals streaming and royalty industry provides alternative financing to mining companies, offering upfront capital in exchange for future metal production. The industry is influenced by precious metal prices, mining project economics, and access to traditional financing.
Positioning
Sandstorm Gold is a mid-tier streaming and royalty company with a diversified portfolio of assets. Its competitive advantage lies in its deal origination capabilities and technical expertise in evaluating mining projects.
Total Addressable Market (TAM)
The total addressable market is estimated to be in the multi-billion dollar range, encompassing the financing needs of mining companies globally. Sandstorm is well-positioned within this market, actively seeking new streaming and royalty opportunities.
Upturn SWOT Analysis
Strengths
- Diversified portfolio of streams and royalties
- Experienced management team
- Strong balance sheet
- Proprietary deal origination capabilities
- Focus on high-quality assets
Weaknesses
- Exposure to mining project risks (e.g., operational delays, cost overruns)
- Dependence on precious metal prices
- Potential for dilution from future equity issuances
- Geographic concentration in certain regions
Opportunities
- Acquisition of new streams and royalties
- Expansion into new metals and mining regions
- Increase in precious metal prices
- Growing demand for alternative financing in the mining sector
Threats
- Decline in precious metal prices
- Increased competition from other streaming and royalty companies
- Political and regulatory risks in mining jurisdictions
- Operational problems at producing mines
Competitors and Market Share
Key Competitors
- FNV
- WPM
- OR
Competitive Landscape
Sandstorm Gold is smaller than some of its larger competitors like Franco-Nevada and Wheaton Precious Metals. It differentiates itself through its deal origination and technical expertise. The competitive landscape is intense because access to capital determines the success of these stream and royalty companies.
Major Acquisitions
Horizon Copper Corp.
- Year: 2023
- Acquisition Price (USD millions): 110
- Strategic Rationale: Acquisition of Horizon Copper for the strategic rationale to further diversify Sandstorm Goldu2019s portfolio.
Growth Trajectory and Initiatives
Historical Growth: Historical growth patterns can be derived from past revenue and production numbers, which are available through financial reporting.
Future Projections: Future growth projections will vary based on commodity prices, new stream acquisitions, and project success.
Recent Initiatives: Recent strategic initiatives include new stream acquisitions, project expansions and ongoing exploration of their current stream and royalty portfolio.
Summary
Sandstorm Gold is a mid-tier streaming and royalty company with a diversified portfolio and experienced management. Its strengths include its ability to originate deals and its strong balance sheet. Potential threats include fluctuating precious metal prices and operational risks at mining projects. The success of Sandstorm depends largely on the success of the mines from which it receives its revenue and streams.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Company Reports
- Financial News Articles
- Industry Research Reports
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Consult with a qualified financial advisor before making any investment decisions. Market Share data is estimated and may not be exact.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Sandstorm Gold Ltd N
Exchange NYSE | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2009-05-29 | Co-Founder, President, CEO & Non-Independent Director Mr. Nolan Allan Watson BComm, CA, CFA, F.C.A., FCPA | ||
Sector Basic Materials | Industry Gold | Full time employees - | Website https://www.sandstormgold.com |
Full time employees - | Website https://www.sandstormgold.com |
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine. The company has a portfolio of 243 streams and royalties. It primarily has operations in Canada, Mexico, the United States, Mongolia, Burkina Faso, Ecuador, South Africa, Ghana, Botswana, Cote D'Ivoire, Argentina, Brazil, Chile, Peru, Egypt, Ethiopia, Guyana, Paraguay, French Guiana, Turkey, Sweden, Fiji, and Australia. The company was formerly known as Sandstorm Resources Ltd. and changed its name to Sandstorm Gold Ltd. in February 2011. Sandstorm Gold Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.

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