Overview
Sandstorm Gold Ltd., based in Vancouver, Canada, operates in the mining sector, primarily focusing on gold. As a gold streaming and royalty company, Sandstorm provides upfront financing for gold mining companies looking to expand and develop their mineral resources. In exchange, it receives the right to purchase a portion of the gold produced at a fixed, lower-than-market price. Key projects in its portfolio include streams on Yamana Gold’s Cerro Moro mine, Luna Gold’s Aurizona project, and Endeavour Mining’s Houndé mine. Sandstorm’s business model allows it to benefit from the production upside while minimizing direct mining risks, capitalizing on extensive agreements that span various geographic locations and operational stages.
Basic Stats
The share price of Sandstorm Gold Ltd. as of September 5, 2025 is $11.48 / share. This is an increase of 2.87% from the prior week. The market cap (or net worth) of Sandstorm Gold Ltd. as of September 5, 2025 is $3,366.92 MM.
The Factor Analysis chart (below right) shows a view of Sandstorm Gold Ltd. from a variety of lenses. Each factor shows how well the company ranks against all other companies in the Fintel global investing universe. Factor scores range from zero to 100, with 100 being most desirable, and 50 being average.
For example, a company with a Value Score of 100 would be the most undervalued company in our database. A company with a Value Score of zero would be the most overvalued.
| Market Cap | 3,366.92 MM |
| EV | 3,699.89 MM |
| Shares Out. | 293.16 MM |
| Earnings Date | |
| EPS (TTM) | 0.12 |
| Dividend Yield | |
| Ex-Dividend Date | 2025-07-15 |
| Borrow Rate | 1.04 |
| Short Shares Avail. | 6.30 MM |
| Short Interest | 2.96 MM |
| Short Float | 1.10 % |
| Days to Cover | 0.62 days |
| Risk Free Rate | 4.17 % |
| Price Change (1 yr) | 107.69 % |
| Volatility (1 yr) | 0.36 |
| Beta | 0.42 |
| Sharpe Ratio (1 yr) | 2.87 |
| Sortino Ratio (1 yr) | 4.88 |
| PE Ratio | 97.81 |
| Price/Book | 2.32 |
| Price/TBV | 2.36 |
| Book/Market | 0.43 |
| EBIT/EV | 0.02 |
| EBIT(3yr avg)/EV | 0.01 |
| ROA | 0.02 |
| ROE | 0.02 |
| ROIC | 0.02 |
| CROIC | 0.00 |
| OCROIC | 0.08 |
| Implied Volatility | 32.43 % |
| Put/Call OI Ratio | 0.32 |
Factor Scores range from 0 to 100, with 100 being most desirable. Larger circles are better. In situations where we have no data (e.g. no insider trades), we plot the score at 50 to avoid penalizing companies. However, a company that does not pay dividends will get a Dividend Score of Zero. Additionally, we inverted volatility to create a "stability" metric which is better when higher.
Price Target
The average one-year price target for Sandstorm Gold Ltd. is $10.42. The forecasts range from a low of $6.91 to a high of $13.98. A stock’s price target is the price at which analysts consider it fairly valued with respect to its projected earnings and historical earnings. Analysts typically set price targets that correspond to their buy or sell recommendations.
Update Frequency: Monthly
Stock Upgrades/Downgrades
This card shows analyst upgrades/downgrades for Sandstorm Gold Ltd.. An analyst rating is a classification that gives investors a sense of analyst sentiment about the direction and performance of an equity - usually a stock - over a period of time, typically 12 months.
The standard analyst ratings are generally as follows:
- Buy/Overweight/Outperform - Any of these ratings conveys an analyst’s belief that the stock is likely to outperform a market index (e.g. the S&P 500).
- Hold/Equal-Weight/Market Perform - Any of these ratings conveys an analyst’s belief that the stock is likely to perform in line with a market index.
- Sell/Underweight/Underperform - Any of these ratings suggest that an analyst believes the stock is likely to underperform a market index.
When an analyst upgrades a stock, they are signaling that the company’s fundamentals are being undervalued by investors. It could also mean they believe the market is underestimating the company’s potential. The opposite is true when a stock receives a downgrade.
The average rating of each individual analyst’s rating is the consensus rating for a stock. This gives investors a broader sense of the overall sentiment for that stock.
| Date | Analyst | Prior | Latest Recommendation |
Action |
|---|---|---|---|---|
| 2023-12-20 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-12 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-11-28 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-08 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-11-07 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-11-06 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-17 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-08-16 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-08-15 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-14 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-08-08 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-07 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-08-04 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-08-04 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-03 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-08-03 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-08-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-08-02 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-05-19 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-05-18 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-05-14 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-05-12 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-05-12 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-11 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-05-11 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-05-11 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-05-11 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-05-10 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-05-10 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-16 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-04-10 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-04-05 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2023-02-28 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-02-23 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-02-22 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2022-11-08 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-11-08 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-10-05 | National Bank of Canada Financial | Outperform | Initiate | |
| 2022-10-05 | STA Research | Buy | Maintains | |
| 2022-10-05 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-09-26 | PARADIGM CAPITAL | Buy | Buy | Maintains |
| 2022-09-25 | PARADIGM CAPITAL | Buy | Buy | Maintains |
| 2022-09-25 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-09-24 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-08-17 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2022-08-16 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2022-08-15 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2022-08-15 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-08-14 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2022-05-30 | STA Research | Buy | Reiterate | |
| 2022-05-30 | Scotiabank Capital | Sector Perform | Maintains | |
| 2022-05-12 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-05-03 | Cormark Securities | Buy | Initiate | |
| 2022-05-03 | Raymond James Capital | Outperform | Initiate | |
| 2022-05-03 | STA Research | Buy | Maintains | |
| 2022-05-03 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-04-24 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-04-23 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2022-04-22 | STA Research | Buy | Maintains | |
| 2022-04-06 | HC Wainwright | Buy | Initiate | |
| 2022-04-05 | STA Research | Buy | Initiate | |
| 2022-03-24 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-02-18 | BMO Financial | Hold | Initiate | |
| 2022-02-18 | CIBC Capital Markets | Outperform | Maintains | |
| 2022-02-18 | Scotiabank Capital | Sector Perform | Maintains | |
| 2021-12-22 | Raymond James Financial | Market Perform | Initiate | |
| 2021-12-21 | Scotiabank Capital | Sector Perform | Maintains | |
| 2021-12-20 | BMO Capital Markets | Market Perform | Initiate | |
| 2021-11-25 | RaymondJamesFinancial | Market Perform | Initiate | |
| 2021-11-24 | CIBC WM | Outperform | Maintains | |
| 2021-11-19 | ScotiaBankFinancial | Sector Perform | Initiate | |
| 2021-11-04 | RJ Financial | Market Perform | Initiate | |
| 2021-11-04 | RY Bank | Underperform | Initiate | |
| 2021-11-04 | CM Bank | Outperform | Maintains | |
| 2021-08-06 | RBC Capital | Underperform | Initiate | |
| 2021-06-30 | CIBC World Markets | Outperform | Maintains | |
| 2021-06-30 | RBC Capital | Underperform | Maintains | |
| 2021-06-29 | RBC Capital | Sector Perform | Underperform | Downgrade |
| 2021-05-14 | CIBC World Markets | Outperform | Initiate | |
| 2021-05-03 | CIBC World Markets | Outperform | Initiate | |
| 2021-02-09 | Canaccord Genuity | 12 | 11.5 | Downgrade |
| 2023-05-15 | TD SECURITIES | Buy | Buy | Maintains |
| 2021-02-08 | CIBC World Markets | 16.75 | 13.5 | Downgrade |
| 2021-01-11 | Sbank | 10 | 10.5 | Upgrade |
| 2020-11-02 | H.C. Wainwright | Buy | Reiterate | |
| 2020-10-20 | TD Securities | Hold | Buy | Upgrade |
| 2020-09-25 | HC Wainwright & Co. | Buy | Initiate | |
| 2020-08-04 | CIBC World Markets | 15 | 16 | Upgrade |
| 2020-07-22 | CIBC World Markets | 14 | 15 | Upgrade |
| 2020-07-21 | Canaccord Genuity | Buy | Hold | Downgrade |
| 2020-05-20 | Canaccord Genuity | 11 | 13 | Upgrade |
| 2020-05-11 | CIBC World Markets | 12.25 | 14 | Upgrade |
| 2020-05-08 | TD Securities | Buy | Hold | Downgrade |
| 2020-01-28 | CIBC World Markets | 11.25 | 11.75 | Upgrade |
| 2019-10-31 | CIBC World Markets | Neutral | Outperform | Upgrade |
| 2019-08-14 | CIBC World Markets | 8.5 | 9.25 | Upgrade |
| 2019-07-19 | Canaccord Genuity | 9.5 | 10.5 | Upgrade |
| 2019-07-15 | CIBC World Markets | 8 | 8.5 | Upgrade |
| 2019-04-09 | Canaccord Genuity | 9.25 | 9.5 | Upgrade |
| 2019-02-21 | CIBC World Markets | 7 | 8 | Upgrade |
| 2019-01-21 | Canaccord Genuity | 9 | 9.25 | Upgrade |
| 2019-01-21 | CIBC World Markets | 6.25 | 7 | Upgrade |
| 2018-10-18 | Canaccord Genuity | 9.75 | 9 | Downgrade |
| 2018-07-24 | Canaccord Genuity | 10 | 9.75 | Downgrade |
| 2018-07-03 | Canaccord Genuity | 9.5 | 10 | Upgrade |
| 2017-10-20 | Canaccord Genuity | 9.5 | 10 | Upgrade |
| 2017-09-29 | Canaccord Genuity | 10 | 9.5 | Downgrade |
| 2017-07-10 | RBC Capital | Sector Perform | Outperform | Upgrade |
| 2017-06-22 | CIBC | Sector Outperform | Sector Perform | Downgrade |
| 2017-06-16 | Sbank | Outperform | Maintains | |
| 2017-02-22 | RBC Capital | Sector Perform | Maintains | |
| 2016-10-03 | Canaccord Genuity | Hold | Buy | Upgrade |
| 2016-09-15 | Canaccord Genuity | Buy | Hold | Maintains |
| 2016-08-04 | TD Securities | Buy | Maintains | |
| 2016-08-04 | Canaccord Genuity | Buy | Maintains | |
| 2016-07-11 | CIBC World Markets | Outperform | Maintains | |
| 2016-07-11 | TD Securities | Hold | Buy | Maintains |
| 2016-06-16 | BMO Capital Markets | At Market Perform | Maintains | |
| 2016-05-06 | National Bank Financial | Outperform | Maintains | |
| 2016-04-20 | RBC Capital | Outperform | Sector Perform | Downgrade |
| 2015-11-13 | Canaccord Genuity | Buy | Maintains | |
| 2024-08-05 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-08-01 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-08-01 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-08-01 | STIFEL CANADA | Buy | Buy | Maintains |
| 2024-07-31 | CIBC CAPITAL MARKETS | Outperform | Neutral | Downgrade |
| 2024-02-27 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-12-19 | CIBC CAPITAL MARKETS | Outperform | Outperform | Maintains |
| 2023-12-11 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2023-11-27 | TD SECURITIES | Buy | Buy | Maintains |
| 2023-11-07 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2023-11-06 | STIFEL CANADA | Buy | Buy | Maintains |
| 2023-11-05 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-27 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2024-12-22 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2024-12-15 | STIFEL CANADA | Buy | Buy | Maintains |
| 2024-12-11 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2024-12-03 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2024-11-10 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2024-11-06 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-04-01 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-02-19 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-02-18 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-02-18 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-02-18 | STIFEL CANADA | Buy | Buy | Maintains |
| 2025-02-17 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-04-04 | RBC Capital | Outperform | Outperform | Maintains |
| 2025-02-19 | HC Wainwright & Co. | Buy | Buy | Maintains |
| 2025-04-14 | Scotiabank | Sector Perform | Sector Perform | Maintains |
| 2025-05-08 | HC Wainwright & Co. | Buy | Buy | Maintains |
| 2025-07-10 | CANACCORD GENUITY | Buy | Buy | Maintains |
| 2025-07-06 | STIFEL CANADA | Buy | Buy | Maintains |
| 2025-06-26 | NATIONAL BANK FINANCIAL | Outperform | Outperform | Maintains |
| 2025-06-22 | RAYMOND JAMES LTD. | Outperform | Outperform | Maintains |
| 2025-06-18 | CIBC CAPITAL MARKETS | Neutral | Neutral | Maintains |
| 2025-05-07 | CORMARK SECURITIES INC. | Buy | Buy | Maintains |
| 2025-07-10 | TD Securities | Buy | Sell | Downgrade |
