Sandstorm Gold Ltd.

SSL-T

TSE:SSL

9.13
0.15 (1.67%)
Sandstorm Gold Ltd. provides financing for precious metal mining companies in the form of a 'gold streaming' transaction whereby an upfront cash payment is exchanged for a percentage of gold production from the mine.
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Analysis and Opinions about SSL-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
November 20, 2019
He likes their execution. Has good cash flow and they are buying back shares. Well-managed. No dividend yet. (Analysts’ price target is $10.33)
Sandstorm Gold Ltd. (SSL-T)
November 20, 2019
He likes their execution. Has good cash flow and they are buying back shares. Well-managed. No dividend yet. (Analysts’ price target is $10.33)
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$8.930
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Up 81%) In a few years when their Turkish mine goes online, the stock will jump much higher. This stock has given a lot to investors in the past year, so what is there left to give? Great managers and cash flow. They've bought back shares, which is always a good sign.
(A Top Pick Nov 06/18, Up 81%) In a few years when their Turkish mine goes online, the stock will jump much higher. This stock has given a lot to investors in the past year, so what is there left to give? Great managers and cash flow. They've bought back shares, which is always a good sign.
Rick Rule
Pres. & CEO, Sprott USA
Price
$8.900
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 16, 2019
(A Top Pick Mar 05/19, Up 3%) He bought it as it was levered to gold prices and is high grade producer in Turkey. They bought another asset that is now producing great results in Brazil. He still holds it and it is still a higher beta miner.
(A Top Pick Mar 05/19, Up 3%) He bought it as it was levered to gold prices and is high grade producer in Turkey. They bought another asset that is now producing great results in Brazil. He still holds it and it is still a higher beta miner.
Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$7.510
Owned
Yes
BUY
BUY
August 16, 2019
It's a royalty to 18 junior hold projects, so you avoid the risk of owning a single company. It's defensive.
It's a royalty to 18 junior hold projects, so you avoid the risk of owning a single company. It's defensive.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$7.980
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 5, 2019
(A Top Pick Oct 16/18, Up 38%) A royalty company that's growing. They've been acquiring royalties wich assets that come into production in 6-12 months, so they'll hit their cash flow quickly. Brent Cook: They also own a hot deposit in Turkey that will come into play.
(A Top Pick Oct 16/18, Up 38%) A royalty company that's growing. They've been acquiring royalties wich assets that come into production in 6-12 months, so they'll hit their cash flow quickly. Brent Cook: They also own a hot deposit in Turkey that will come into play.
Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$7.280
Owned
Yes
TOP PICK
TOP PICK
March 5, 2019
Brent Cook: It continues to be a liquid solvent company with growth that will do well as gold continues to rise. (Analysts’ price target is $8.52)
Brent Cook: It continues to be a liquid solvent company with growth that will do well as gold continues to rise. (Analysts’ price target is $8.52)
Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$7.280
Owned
Yes
TOP PICK
TOP PICK
March 5, 2019
Superb allocator of capital. They have bought back shares. The market misunderstand the value of their Turkish assets that is 50% of their NAV. The free cash will triple in the next three years. (Analysts’ price target is $8.52)
Superb allocator of capital. They have bought back shares. The market misunderstand the value of their Turkish assets that is 50% of their NAV. The free cash will triple in the next three years. (Analysts’ price target is $8.52)
Rick Rule
Pres. & CEO, Sprott USA
Price
$7.280
Owned
Yes
TOP PICK
TOP PICK
November 6, 2018
A royalty and streaming company. Selling for half of what it's worth, due to them buying 30% of a Turkish mine that'll be operating in four years--but will double the stock price. (Analysts’ price target is $7.83)
A royalty and streaming company. Selling for half of what it's worth, due to them buying 30% of a Turkish mine that'll be operating in four years--but will double the stock price. (Analysts’ price target is $7.83)
Rick Rule
Pres. & CEO, Sprott USA
Price
$4.990
Owned
Yes
TOP PICK
TOP PICK
October 16, 2018

Highly liquid at $1-billion market cap. Generating free cash flow and one of the only royalty plays where streamers show growth, driven by a gold asset in Turkey that should come in in 2022-3. This should generate a lot of free cash flow. (no dividend, Analysts' price target: $8.02)

Highly liquid at $1-billion market cap. Generating free cash flow and one of the only royalty plays where streamers show growth, driven by a gold asset in Turkey that should come in in 2022-3. This should generate a lot of free cash flow. (no dividend, Analysts' price target: $8.02)

Joe Mazumdar
Editor & Analyst, Exploration Insights
Price
$5.280
Owned
Yes
TOP PICK
TOP PICK
July 31, 2017

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).

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).

Rick Rule
Pres. & CEO, Sprott USA
Price
$5.140
Owned
Yes
COMMENT
COMMENT
August 11, 2016

Sprott owns a lot of this, and in the right circumstances they’d be buying more. This is one of the smaller royalty companies. They had some operational mistakes in the last decade, but believes they have corrected those mistakes. He sees a cash flow continuing to increase. Likes the deal team in place and he likes the balance sheet.

Sprott owns a lot of this, and in the right circumstances they’d be buying more. This is one of the smaller royalty companies. They had some operational mistakes in the last decade, but believes they have corrected those mistakes. He sees a cash flow continuing to increase. Likes the deal team in place and he likes the balance sheet.

Rick Rule
Pres. & CEO, Sprott USA
Price
$8.360
Owned
Yes
COMMENT
COMMENT
July 27, 2016

Going back 3 years, we had an incredible bull market in gold. All sorts of properties that probably shouldn’t have gone into production, went into production. Huge amounts of money got spent in the industry with not really an internal rate of return. The whole gold sector has bounced back. This one is a whole mixed bag, and to go into all those projects that they acquired at the height of the bull market, there are some real question marks.

Going back 3 years, we had an incredible bull market in gold. All sorts of properties that probably shouldn’t have gone into production, went into production. Huge amounts of money got spent in the industry with not really an internal rate of return. The whole gold sector has bounced back. This one is a whole mixed bag, and to go into all those projects that they acquired at the height of the bull market, there are some real question marks.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$7.050
Owned
No
COMMENT
COMMENT
May 1, 2015

This is a gold streamer. Good management and they can definitely execute. If you don’t want to have the volatility of the producers, this is one you could own.

This is a gold streamer. Good management and they can definitely execute. If you don’t want to have the volatility of the producers, this is one you could own.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$4.250
Owned
No
BUY
BUY
May 30, 2014

A gold streaming company where they buy gold from the producers at a prefixed price. Good management team. Low risk asset base. Tripped up when one investment went bankrupt. This company ended up owning the mine. Good asset if the mine actually works. Caused some investors to exit. Doubts they will plan to operate this mine, and will hopefully sell it to someone who will put it back into production. They need to do a very strong low risk deal, and restore some of the confidence in the marketplace. Trading at close to 1X what it is worth, and the free cash flow is 6%-7%.

A gold streaming company where they buy gold from the producers at a prefixed price. Good management team. Low risk asset base. Tripped up when one investment went bankrupt. This company ended up owning the mine. Good asset if the mine actually works. Caused some investors to exit. Doubts they will plan to operate this mine, and will hopefully sell it to someone who will put it back into production. They need to do a very strong low risk deal, and restore some of the confidence in the marketplace. Trading at close to 1X what it is worth, and the free cash flow is 6%-7%.

Jon Case
Portfolio Manager, Sentry Investments
Price
$5.710
Owned
Unknown
DON'T BUY
DON'T BUY
March 3, 2014

They may have some challenges. He is bearish on the asset. Based on worries about the emerging markets.

They may have some challenges. He is bearish on the asset. Based on worries about the emerging markets.

John Stephenson
President & CEO, Stephenson & Company Capital Management
Price
$6.000
Owned
Unknown
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