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Sandstorm Gold
(SSL)
Sandstorm Gold (SSL) vs. iShares MSCI Canada ETF (EWC)
Sandstorm Gold Business Overview & Revenue Model
Sandstorm Gold Earnings Call Summary
Sandstorm Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 193.59M | 176.28M | 179.64M | 148.73M | 114.86M | 93.03M |
| Gross Profit | 163.20M | 149.23M | 150.81M | 117.93M | 90.25M | 73.45M |
| EBITDA | 148.46M | 133.34M | 137.02M | 105.00M | 80.52M | 65.60M |
| Net Income | 34.42M | 14.29M | 41.72M | 78.36M | 27.62M | 13.82M |
Balance Sheet | ||||||
| Total Assets | 1.83B | 1.85B | 1.92B | 1.99B | 615.02M | 648.61M |
| Cash, Cash Equivalents and Short-Term Investments | 14.74M | 11.51M | 33.16M | 10.91M | 16.01M | 115.40M |
| Total Debt | 314.33M | 357.39M | 450.29M | 504.45M | 2.55M | ― |
| Total Liabilities | 375.50M | 400.60M | 474.01M | 538.60M | 27.95M | 11.76M |
| Stockholders Equity | 1.43B | 1.42B | 1.42B | 1.43B | 587.06M | 636.86M |
Cash Flow | ||||||
| Free Cash Flow | 113.79M | 85.40M | 97.65M | -513.29M | -71.51M | 63.86M |
| Operating Cash Flow | 118.76M | 97.78M | 118.93M | 89.03M | 78.63M | 67.51M |
| Investing Cash Flow | -2.87M | 10.42M | -22.54M | -594.44M | -141.50M | 35.38M |
| Financing Cash Flow | -124.40M | -108.59M | -97.77M | 497.46M | -32.50M | 9.51M |
Sandstorm Gold Technical Analysis
Sandstorm Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$801.17M | 6.84 | 27.51% | ― | 41.20% | 77.86% | |
70 Outperform | C$128.81M | 28.11 | 6.34% | ― | 22.53% | ― | |
69 Neutral | ― | ― | 2.41% | 0.50% | 17.31% | 19.28% | |
66 Neutral | $8.19B | 74.16 | 6.27% | 0.64% | 18.24% | ― | |
63 Neutral | C$486.67M | 74.97 | 2.53% | ― | 131.19% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
41 Neutral | C$649.37M | -17.25 | -14.43% | ― | ― | 12.46% |
Sandstorm Gold Corporate Events
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.
Sandstorm Gold Royalties has received final court approval for its arrangement with Royal Gold, in which Royal Gold will acquire all outstanding shares of Sandstorm. Upon completion of the transaction, expected on October 20, 2025, Sandstorm plans to delist its shares from both the Toronto Stock Exchange and the New York Stock Exchange, and will apply to cease being a reporting issuer in Canada. This acquisition is likely to impact Sandstorm’s market presence and operational structure, potentially affecting stakeholders and the broader industry landscape.
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.
Sandstorm Gold Royalties has announced that its shareholders have approved a plan of arrangement with Royal Gold, Inc., allowing Royal Gold to acquire all issued and outstanding shares of Sandstorm. The transaction, which received overwhelming support from both Sandstorm and Royal Gold shareholders, is expected to close on October 20, 2025, pending customary closing conditions and regulatory approvals. Following the completion of the arrangement, Sandstorm plans to delist from the Toronto Stock Exchange and the New York Stock Exchange, and cease to be a reporting issuer in applicable jurisdictions.
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.
Sandstorm Gold Ltd. has announced that Royal Gold Inc. has received all necessary regulatory approvals for its acquisition of Sandstorm, including those from the Investment Canada Act and the South African antitrust authorities. The transaction, expected to close early in the fourth quarter of 2025, is contingent upon customary closing conditions such as shareholder approvals and the listing of Royal Gold’s shares on Nasdaq. Sandstorm’s Board of Directors recommends shareholders vote in favor of the arrangement at the upcoming special meeting, especially considering the ongoing Canada Post strike, which may affect mail-in voting.
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.
Sandstorm Gold Ltd. has announced that leading independent proxy advisory firms, including Institutional Shareholder Services Inc., have recommended that shareholders vote in favor of the proposed arrangement with Royal Gold Inc. Under this arrangement, Sandstorm shareholders will receive shares of Royal Gold, offering strategic benefits and premium value. The Board of Directors of Sandstorm unanimously supports the resolution, which is set to be voted on at a special meeting on October 9, 2025. This arrangement is expected to enhance Sandstorm’s market positioning and provide continued equity interest in the combined company.
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.
On September 15, 2025, Sandstorm Gold Ltd. announced the declaration of its third quarterly cash dividend for 2025, amounting to C$0.02 per common share, to be paid on October 7, 2025, to shareholders of record as of September 26, 2025. The dividend reflects the company’s ongoing financial strategy and could impact its market positioning by potentially attracting more investors seeking dividend income. However, the company has indicated that future dividends will depend on various financial and operational factors, and non-resident investors will face Canadian withholding taxes.
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.
On September 15, 2025, Sandstorm Gold Royalties announced the filing and mailing of meeting materials for a special shareholder meeting scheduled for October 9, 2025. The meeting aims to approve a proposed plan of arrangement with Royal Gold, Inc., where Sandstorm shareholders will receive shares of Royal Gold. This arrangement, agreed upon on July 6, 2025, offers a 21% premium to Sandstorm’s 20-day volume-weighted average price as of July 3, 2025. The merger is expected to create significant value for shareholders by enhancing portfolio maturity, improving access to institutional investors, and offering equity participation in a larger, diversified precious metals company.
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.
Sandstorm Gold Ltd. has announced a special meeting of shareholders scheduled for October 9, 2025, to discuss a proposed Plan of Arrangement with Royal Gold, Inc. The Board of Directors, following a recommendation from the Special Committee, unanimously supports the arrangement and urges shareholders to vote in favor. This strategic move is expected to impact Sandstorm’s operations and market positioning by potentially expanding its portfolio and enhancing shareholder value.
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.
The recent earnings call for Sandstorm Gold Ltd. painted a picture of strong financial performance, marked by record operating cash flow and significant net income growth. The call highlighted the positive reception of the Royal Gold acquisition and successful exploration results at Fruta del Norte as key achievements. Despite some challenges, such as decreased gold equivalent ounces and underperformance at Greenstone, the overall sentiment was optimistic, with positive developments outweighing the negatives.
Sandstorm Gold Ltd., a precious metals-focused royalty company, provides upfront financing to mining companies in exchange for a percentage of mine production. The company operates primarily in the precious metals sector and holds a diverse portfolio of royalties and streams.
Sandstorm Gold Ltd. reported record financial results for the second quarter of 2025, with revenue reaching $51.4 million and net income of $16.9 million. The company also announced a significant transaction with Royal Gold, Inc., where Royal Gold will acquire Sandstorm in a $3.5 billion all-share deal. This merger is expected to create a leading precious metals streaming and royalty company, enhancing diversification and growth potential. The transaction is anticipated to close in the fourth quarter of 2025, pending customary approvals. Additionally, Sandstorm continues its deleveraging efforts and advances key projects like Platreef and Hod Maden, with significant developments expected in the coming years.
The most recent analyst rating on (TSE:SSL) stock is a Hold with a C$13.25 price target. To see the full list of analyst forecasts on Sandstorm Gold stock, see the TSE:SSL Stock Forecast page.
On July 6, 2025, Sandstorm Gold Ltd. entered into a definitive arrangement agreement with Royal Gold, Inc., whereby Royal Gold will acquire all outstanding common shares of Sandstorm in an all-share transaction. This strategic move is expected to create a leading precious metals streaming and royalty company, with Royal Gold shareholders owning 77% and Sandstorm shareholders owning 23% of the combined entity. The deal, which is contingent on customary approvals, is anticipated to close in the fourth quarter of 2025. Sandstorm reported record revenue and operating margins for the second quarter of 2025, with significant increases compared to the same period in 2024. The company also highlighted its investment in Versamet Royalties Corporation, which saw a substantial increase in market value.
The most recent analyst rating on (TSE:SSL) stock is a Hold with a C$13.25 price target. To see the full list of analyst forecasts on Sandstorm Gold stock, see the TSE:SSL Stock Forecast page.
Sandstorm Gold Royalties supports Royal Gold Inc.’s acquisition of a gold stream on the Kansanshi copper-gold mine in Zambia for $1 billion. This acquisition is expected to enhance Sandstorm’s portfolio by adding 35,000 to 40,000 ounces of gold per year over the next decade, benefiting shareholders through exposure to larger acquisitions and cash-flowing streams from long-life mines.
The most recent analyst rating on (TSE:SSL) stock is a Hold with a C$13.25 price target. To see the full list of analyst forecasts on Sandstorm Gold stock, see the TSE:SSL Stock Forecast page.