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SAND $7.19

SAND target price
7.19
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Sandstorm Gold Ltd.
Type
Public
Traded as AMEX: SAND
TSX: SSL
Industry Mining
Founder Nolan Watson, David Awram
Headquarters Vancouver, British Columbia, Canada
Services Financial
Number of employees
12
Website www.sandstormgold.com

Sandstorm Gold Ltd. (formerly Sandstorm Resources) provides financing for precious metal mining companies in the form of a 'gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine. The finance model has also been called a volumetric production payment transaction and originated in the oil and gas sector.

In April 2017 Sandstorm announced it had reached an agreement to acquire Mariana Resources in a share and cash acquisition valuing Mariana at US$4.04 per share. The business combination would create a mid-tier streaming company with 155 streams and royalties.

In Q1 2017 Sandstorm reported record gold equivalent sales of 15,558 ounces, generating revenue of $18.8 million and a net income of $7.0 million.

Sandstorm Resources (now Sandstorm Gold) was founded in 2008, when Nolan Watson and David Awram decided to create a metal streaming company that would be focused on gold acquisitions. Both Watson and Awram were former employees of Silver Wheaton, the first organization to apply this financial model to the mining industry. Sandstorm Gold is a publicly traded company, listed on the Toronto Venture Exchange under the symbol, SSL.

Sandstorm plans to grow and diversify through the acquisition of additional gold streams.

In Q1 2017 Sandstorm acquired 22 new net smelter return royalties for US$1.9 million. The Company completed transactions with multiple junior mining companies including Kivalliq Energy, Evrim Resources, Tower Resources, Copper Fox Metals, Millrock Resources and Condor Resources.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-07-11 Upgrade TD Securities Hold to Buy
2016-07-11 Upgrade CIBC Sector Perform to Sector Outperform
2016-07-07 Reiterated Rating BMO Capital Markets Market Perform $5.00 to $5.50
2016-04-20 Downgrade RBC Capital Outperform to Sector Perform $5.00 to $5.50
2015-11-14 Reiterated Rating Canaccord Genuity Buy $5.00 to $5.25
2015-11-14 Reiterated Rating Scotiabank Outperform $5.30
2015-11-12 Reiterated Rating Scotiabank Sector Outperform
2015-11-04 Upgrade Raymond James Market Perform to Outperform
2015-10-09 Upgrade Jefferies Group Underperform to Hold
2015-05-09 Upgrade National Bank Financial Sector Perform to Outperform
2015-05-06 Upgrade Canaccord Genuity Hold to Buy
1970-01-01
2016-07-11 Upgrade TD Securities Hold to Buy
2016-07-11 Upgrade CIBC Sector Perform to Sector Outperform
2016-07-07 Reiterated Rating BMO Capital Markets Market Perform $5.00 to $5.50
2016-04-20 Downgrade RBC Capital Outperform to Sector Perform $5.00 to $5.50
2015-11-14 Reiterated Rating Canaccord Genuity Buy $5.00 to $5.25

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks