Sandstorm Gold Royalties Completes Acquisition by Royal Gold

Sandstorm Gold ( (TSE:SSL) ) just unveiled an update.

Sandstorm Gold Royalties has completed its arrangement with Royal Gold, resulting in Royal Gold acquiring all of Sandstorm’s outstanding common shares. As a consequence, Sandstorm’s shares will be delisted from the Toronto Stock Exchange and the New York Stock Exchange, and the company will cease to be a reporting issuer in Canada and deregister its shares under the U.S. Securities Exchange Act. This acquisition marks a significant shift in Sandstorm’s operational structure and market presence, impacting stakeholders and potentially altering its industry positioning.

The most recent analyst rating on (TSE:SSL) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on Sandstorm Gold stock, see the TSE:SSL Stock Forecast page.

Spark’s Take on TSE:SSL Stock

According to Spark, TipRanks’ AI Analyst, TSE:SSL is a Outperform.

Sandstorm Gold’s strong financial performance and positive earnings call are the most significant factors contributing to its overall score. The company’s robust revenue growth, profitability, and strategic initiatives support a positive outlook. Technical analysis also indicates bullish momentum. However, the high P/E ratio suggests caution in terms of valuation.

To see Spark’s full report on TSE:SSL stock, click here.

More about Sandstorm Gold

Sandstorm Gold Ltd., operating as Sandstorm Gold Royalties, is a company engaged in the mining industry, focusing on providing financing solutions to gold mining companies through royalty agreements. The company primarily deals with gold and other precious metals, offering a unique investment opportunity by acquiring royalties and streams from mining operations.

YTD Price Performance: 113.43%

Average Trading Volume: 885,302

Technical Sentiment Signal: Buy

Current Market Cap: C$5B

See more insights into SSL stock on TipRanks’ Stock Analysis page.