The company’s normal course issuer bid is being renewed after the existing NCIB expires on April 6. The current NCIB provides Sandstorm with the option to purchase up to 18.9M of the company’s common shares from time to time when Sandstorm’s management believes that the Common Shares are undervalued by the market. Under the renewed NCIB, Sandstorm may purchase up to 24M of its Common Shares, representing approximately 8% of the company’s issued and outstanding Common Shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SAND:
- Sandstorm Gold Royalties Declares 2023 Second Quarterly Dividend
- RBC upgrades Sandstorm with shares ‘materially discounted’ to peers
- Sandstorm Gold upgraded to Outperform from Sector Perform at RBC Capital
- Sandstorm Gold price target lowered to C$8 from C$9 at National Bank
- Sandstorm Gold price target lowered to C$12.25 from C$12.50 at Stifel