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Sandstorm Gold Ltd. (SSL $15.08)
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Royal Gold Inc. (RGLD $176.03)
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Sandstorm Gold Ltd - Ordinary Shares (SAND $10.97)
Q: Thoughts on Sandstorm Gold; last earnings and forecast, and are there other junior producers you would prefer ? Thank you.
5i Research Answer:
SAND looks fine to us. We also like ARIS, AAUC and RIO, amongst some other smaller companies.
SAND revenue of $51.4M missed estimates by 1%. EPS of 5c missed estimates of 5.3c. EBITDA of $39.6M beat estimates by 5%. Revenue rose 23%. Production of 15,098 ounces fell from 17.414 last year. Margins were a record. Results are not overly meaningful here due to the pending acquisition of the company by Royal Gold.