Sandstorm Gold Ltd.SSL.TOTOP PICKJul 31, 2017Stock price when the opinion was issued
As of Oct 21, 2025. Market Open.
He recently upgraded to Buy. He'd been concerned about capital allocation strategy, mainly doing equity financing to buy back shares at high prices. These concerns have largely passed. Cashflow from Turkish operations will begin to come through and have a potentially transforming effect. Malaise has passed, it's back in business.
The analysts are very slow to raising their earnings forecasts with the price of gold. The rebound in earnings in some of these companies will be really something. He likes the producers as opposed to the commodity. Producers give you leverage due to the fast rising earnings. He likes the Juniors as well as ABX-T.
It is a classic case of a company doing everything right after a halting start. This is a superlative deposit in the control of a good young management team. A couple of years out this stock will go much higher. (Analysts’ target: $7.96).