Sandstorm Gold Ltd.

SSL-T

TSE:SSL

10.04
0.51 (5.35%)
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

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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)
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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)
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.
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(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.
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.
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(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.
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.
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It's a royalty to 18 junior hold projects, so you avoid the risk of owning a single company. It's defensive.
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.
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(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.
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)
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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)
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)
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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)
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)
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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)
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)

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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)

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).

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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).

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.

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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.

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.

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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.

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.

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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.

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%.

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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

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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.

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

BUY
BUY
February 3, 2014

One of his favorites. Junior mining companies are on their knees. They get percentage of metal production in return for financing. Any operating cost increases are not borne by these guys. They have a war chest to take advantage of opportunities.

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One of his favorites. Junior mining companies are on their knees. They get percentage of metal production in return for financing. Any operating cost increases are not borne by these guys. They have a war chest to take advantage of opportunities.

PAST TOP PICK
PAST TOP PICK
October 31, 2013

(A Top Pick Oct 17/12. Down 59.13%.) Very clever company and you have to take a long-term view of their Mongolian interests. Did an interesting deal in taking out a royalty streaming company with cash. You have to be patient.

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(A Top Pick Oct 17/12. Down 59.13%.) Very clever company and you have to take a long-term view of their Mongolian interests. Did an interesting deal in taking out a royalty streaming company with cash. You have to be patient.

SELL
SELL
September 13, 2013

With the uncertainty of the gold space, she would tend to gravitate towards higher-quality names such as Franco-Nevada (FNV-T). The last couple of deals they have done have caused some investors to step back.

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Sandstorm Gold Ltd. (SSL-T)
September 13, 2013

With the uncertainty of the gold space, she would tend to gravitate towards higher-quality names such as Franco-Nevada (FNV-T). The last couple of deals they have done have caused some investors to step back.

PAST TOP PICK
PAST TOP PICK
September 12, 2013

(A Top Pick September 18/12. Down 49.77%.) Last year this was around $7-$8 and got to almost $14. He got stopped out at $12 (Up 9.8%).

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Sandstorm Gold Ltd. (SSL-T)
September 12, 2013

(A Top Pick September 18/12. Down 49.77%.) Last year this was around $7-$8 and got to almost $14. He got stopped out at $12 (Up 9.8%).

PAST TOP PICK
PAST TOP PICK
September 3, 2013

(A Top Pick October 17/12. Down 50.59%.) Gold stocks went down which is probably not as bad as it might have been as it had been one of the very best performers. He took some profits on the way up but still holds some. This is a gold streaming company and its in Colossus Minerals (CSI-T) which has had to apply more money to its operations in Mongolia.

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Sandstorm Gold Ltd. (SSL-T)
September 3, 2013

(A Top Pick October 17/12. Down 50.59%.) Gold stocks went down which is probably not as bad as it might have been as it had been one of the very best performers. He took some profits on the way up but still holds some. This is a gold streaming company and its in Colossus Minerals (CSI-T) which has had to apply more money to its operations in Mongolia.

HOLD
HOLD
August 23, 2013

(Market Call Minute.) Very interesting company. He would like to own it but doesn’t have enough confidence in the company.

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(Market Call Minute.) Very interesting company. He would like to own it but doesn’t have enough confidence in the company.

PAST TOP PICK
PAST TOP PICK
July 25, 2013

(Top Pick Jul 11/12, Down 27.27%) He is currently short. Bought long, then switched to short later after they did a deal he didn’t like as it was a style drift.

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(Top Pick Jul 11/12, Down 27.27%) He is currently short. Bought long, then switched to short later after they did a deal he didn’t like as it was a style drift.

COMMENT
COMMENT
July 18, 2013

Likes these people. Shook him up a bit by going into Mongolia which is having some difficulty with the authorities. This is a nine-year project. Just heard that Colossus, one of their projects, has come amiss a little bit on their production plans and will need more money.

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Likes these people. Shook him up a bit by going into Mongolia which is having some difficulty with the authorities. This is a nine-year project. Just heard that Colossus, one of their projects, has come amiss a little bit on their production plans and will need more money.

COMMENT
COMMENT
July 3, 2013

Likes at these levels. Junior mining sector has not been the place to be in the past little while. Given that they focus on royalty companies, he feels that this is a place to be. Bought another royalty company from Premier Gold (PG-T). Some of their assets are attractive. Feels gold is basing out here. Once risk appetite comes back for Junior golds, this one should participate as well. He prefers Franco Nevada (FNV-T).

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Likes at these levels. Junior mining sector has not been the place to be in the past little while. Given that they focus on royalty companies, he feels that this is a place to be. Bought another royalty company from Premier Gold (PG-T). Some of their assets are attractive. Feels gold is basing out here. Once risk appetite comes back for Junior golds, this one should participate as well. He prefers Franco Nevada (FNV-T).

BUY
BUY
June 10, 2013

(Market Call Minute) Great royalty company without some of the risks.

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(Market Call Minute) Great royalty company without some of the risks.

PAST TOP PICK
PAST TOP PICK
May 27, 2013

(Top Pick Jun 15/12, Down 19.20%) He did very well when he got out.

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(Top Pick Jun 15/12, Down 19.20%) He did very well when he got out.

COMMENT
COMMENT
April 8, 2013

Sandstorm Gold (SSL-T) or Silver Wheaton (SLW-T)? Depends on your risk profile. This one is a smaller cap royalty play and with Silver Wheaton, you are really going with a larger cap that plays with the bigger companies.. Sandstorm is a lot riskier as their royalty deals are more with the junior mining companies.

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Sandstorm Gold (SSL-T) or Silver Wheaton (SLW-T)? Depends on your risk profile. This one is a smaller cap royalty play and with Silver Wheaton, you are really going with a larger cap that plays with the bigger companies.. Sandstorm is a lot riskier as their royalty deals are more with the junior mining companies.

PAST TOP PICK
PAST TOP PICK
April 5, 2013

(A Top Pick June 11/12. Up 3.12%.) Sold her holdings.

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(A Top Pick June 11/12. Up 3.12%.) Sold her holdings.

HOLD
HOLD
March 20, 2013

Still likes the company and its management. Was a little uneasy when they decided to go on the Mongolian merry-go-round. Apparently the wrong Mongolian department stamped a paper for their partner Entrée Gold. Expects this will get resolved but you have to wonder when it goes into production.

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Still likes the company and its management. Was a little uneasy when they decided to go on the Mongolian merry-go-round. Apparently the wrong Mongolian department stamped a paper for their partner Entrée Gold. Expects this will get resolved but you have to wonder when it goes into production.

BUY
BUY
March 4, 2013

They don’t have impacts of cash costs to worry about. It is a royalty company. Has come under a lot of pressure in the last month or so. Mongolian government took away the right to a property they invested in. Thinks it will take a year to get their cash back from the deal.

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They don’t have impacts of cash costs to worry about. It is a royalty company. Has come under a lot of pressure in the last month or so. Mongolian government took away the right to a property they invested in. Thinks it will take a year to get their cash back from the deal.

HOLD
HOLD
March 4, 2013

Royalty streaming companies are the only things that have moved higher in the last 2.5 years. Every once in a while there will be a deal that goes a little amiss but this is a decent name. Thinks it is a brilliant business model and one of the few things that is making money. Would be very interesting to look at now.

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Royalty streaming companies are the only things that have moved higher in the last 2.5 years. Every once in a while there will be a deal that goes a little amiss but this is a decent name. Thinks it is a brilliant business model and one of the few things that is making money. Would be very interesting to look at now.

SELL
SELL
February 22, 2013

Gold streaming companies have held onto their value very well, which is really helped in this environment. There are going to be risky dealings when you are dealing in places like Mongolia so he doesn’t own this one. If you own, he would switch to another one such as Silver Wheaton (SLW-T).

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Sandstorm Gold Ltd. (SSL-T)
February 22, 2013

Gold streaming companies have held onto their value very well, which is really helped in this environment. There are going to be risky dealings when you are dealing in places like Mongolia so he doesn’t own this one. If you own, he would switch to another one such as Silver Wheaton (SLW-T).

DON'T BUY
DON'T BUY
January 4, 2013

Gold is under pressure because price has been falling over past couple of days. Chart is not too encouraging. Support around $11 and you might want to get into it about there but you want to stay away from gold.

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Gold is under pressure because price has been falling over past couple of days. Chart is not too encouraging. Support around $11 and you might want to get into it about there but you want to stay away from gold.

DON'T BUY
DON'T BUY
December 31, 2012

A breakout above the price channel and then it came back down, which it usually will. If it goes below $11.50, if will go right down to the lower trend line of the price channel.

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Sandstorm Gold Ltd. (SSL-T)
December 31, 2012

A breakout above the price channel and then it came back down, which it usually will. If it goes below $11.50, if will go right down to the lower trend line of the price channel.

COMMENT
COMMENT
December 28, 2012

Everything is looking up. Continue to meet their targets in terms of new streaming deals the same as they had with Colossus (CSI-T). Has outperformed the sector over the last 2 years by a very wide margin. Thinks the underlying producers have now priced in the operating risks for the most part so he is warming up on the underlying producers such as Argonaut (AR-T). (See Top Picks.)

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Sandstorm Gold Ltd. (SSL-T)
December 28, 2012

Everything is looking up. Continue to meet their targets in terms of new streaming deals the same as they had with Colossus (CSI-T). Has outperformed the sector over the last 2 years by a very wide margin. Thinks the underlying producers have now priced in the operating risks for the most part so he is warming up on the underlying producers such as Argonaut (AR-T). (See Top Picks.)

BUY
BUY
December 4, 2012

Good valuation. Highly skilled management. Foremost junior gold streaming company in Canada and he thinks it’s just going to carry on up. There has been a nice correction to take advantage of if you don’t own it. One of his favourites in the gold sector.

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Good valuation. Highly skilled management. Foremost junior gold streaming company in Canada and he thinks it’s just going to carry on up. There has been a nice correction to take advantage of if you don’t own it. One of his favourites in the gold sector.

TOP PICK
TOP PICK
November 23, 2012

Royalty stream company. Investors have exposure to gold and a fairly good visibility to their cost structure, and therefore profitability of the company.

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Sandstorm Gold Ltd. (SSL-T)
November 23, 2012

Royalty stream company. Investors have exposure to gold and a fairly good visibility to their cost structure, and therefore profitability of the company.

SELL STRENGTH
SELL STRENGTH
November 16, 2012

Most gold stocks sold off. He is turning bullish on the US dollar. If you own a gold stock, reduce into the rallies. We are still in an uptrend. It has not been violated.

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Sandstorm Gold Ltd. (SSL-T)
November 16, 2012

Most gold stocks sold off. He is turning bullish on the US dollar. If you own a gold stock, reduce into the rallies. We are still in an uptrend. It has not been violated.

SELL
SELL
November 15, 2012

Sept and Oct gold producers were strongest in the market. Given the shift over the last couple of weeks, the higher beta sectors have been the playground of the hedge funds. He pulled in his horns on the golds and sold this one over the last couple of days. Long-only investors are not really engaged.

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Sandstorm Gold Ltd. (SSL-T)
November 15, 2012

Sept and Oct gold producers were strongest in the market. Given the shift over the last couple of weeks, the higher beta sectors have been the playground of the hedge funds. He pulled in his horns on the golds and sold this one over the last couple of days. Long-only investors are not really engaged.

BUY
BUY
November 14, 2012

Gold royalty company. Finally got hit because it started to trade at twice the net asset value.

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Sandstorm Gold Ltd. (SSL-T)
November 14, 2012

Gold royalty company. Finally got hit because it started to trade at twice the net asset value.

COMMENT
COMMENT
October 30, 2012

Just did a streaming deal with Colossus Minerals (CSI-T) for gold and platinum. Has been a great performer. All the royalty gold and streaming companies have done exceptionally well in this market because they don’t have the increased CapX. A growing company.

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