Sandstorm Gold Ltd.

TSX:SSL Stock Report

Market Cap: CA$5.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Sandstorm Gold Balance Sheet Health

Financial Health criteria checks 4/6

Sandstorm Gold has a total shareholder equity of $1.5B and total debt of $315.0M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are $1.8B and $376.3M respectively. Sandstorm Gold's EBIT is $90.1M making its interest coverage ratio 3. It has cash and short-term investments of $14.8M.

Key information

21.68%

Debt to equity ratio

US$315.00m

Debt

Interest coverage ratio3x
CashUS$14.77m
EquityUS$1.45b
Total liabilitiesUS$376.30m
Total assetsUS$1.83b

Recent financial health updates

Recent updates

Narrative Update Oct 17

Ramping Up At Greenstone And Platreef Will Boost Future Production

Analysts have raised their price target for Sandstorm Gold from $17.26 to $18.26. They cite improved revenue growth projections even as the discount rate has increased slightly and there is a modest decline in profit margin expectations.
Narrative Update Oct 03

Ramping Up At Greenstone And Platreef Will Boost Future Production

Analysts have raised their price target for Sandstorm Gold from $15.90 to $17.26. They cite improved profit margins and a modestly lower discount rate as supporting factors for the upward revision.
Analysis Article Jun 30

Subdued Growth No Barrier To Sandstorm Gold Ltd.'s (TSE:SSL) Price

You may think that with a price-to-sales (or "P/S") ratio of 14.5x Sandstorm Gold Ltd. ( TSE:SSL ) is a stock to avoid...
Analysis Article May 01

Does Sandstorm Gold (TSE:SSL) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Mar 15

Pinning Down Sandstorm Gold Ltd.'s (TSE:SSL) P/S Is Difficult Right Now

Sandstorm Gold Ltd.'s ( TSE:SSL ) price-to-sales (or "P/S") ratio of 11x may look like a poor investment opportunity...
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New Narrative Feb 20

New Projects Like Greenstone Will Expand Gold Production Over Next 5 Years

Sandstorm Gold is set for substantial growth with increased production from new projects expected to boost revenue and earnings.
Analysis Article Jan 08

Sandstorm Gold (TSE:SSL) Is Paying Out A Dividend Of $0.02

The board of Sandstorm Gold Ltd. ( TSE:SSL ) has announced that it will pay a dividend on the 31st of January, with...
Analysis Article Dec 24

Sandstorm Gold (TSE:SSL) Will Pay A Dividend Of $0.02

The board of Sandstorm Gold Ltd. ( TSE:SSL ) has announced that it will pay a dividend of $0.02 per share on the 31st...
Analysis Article Nov 15

Sandstorm Gold's (TSE:SSL) Shareholders May Want To Dig Deeper Than Statutory Profit

The stock price didn't jump after Sandstorm Gold Ltd. ( TSE:SSL ) posted decent earnings last week. We think that...
Analysis Article Oct 10

Sandstorm Gold (TSE:SSL) Is Due To Pay A Dividend Of $0.02

Sandstorm Gold Ltd. ( TSE:SSL ) will pay a dividend of $0.02 on the 25th of October. The dividend yield is 1.0% based...
Analysis Article Sep 26

Investors Still Waiting For A Pull Back In Sandstorm Gold Ltd. (TSE:SSL)

When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 15x, you may consider...
Analysis Article Aug 21

Sandstorm Gold (TSE:SSL) Has A Somewhat Strained Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jul 15

Sandstorm Gold (TSE:SSL) Has Announced A Dividend Of $0.02

Sandstorm Gold Ltd.'s ( TSE:SSL ) investors are due to receive a payment of $0.02 per share on 26th of July. Including...
Analysis Article Jul 01

Sandstorm Gold (TSE:SSL) Has Affirmed Its Dividend Of $0.02

The board of Sandstorm Gold Ltd. ( TSE:SSL ) has announced that it will pay a dividend of $0.02 per share on the 26th...
Analysis Article Jun 16

We Think Shareholders May Want To Consider A Review Of Sandstorm Gold Ltd.'s (TSE:SSL) CEO Compensation Package

Key Insights Sandstorm Gold to hold its Annual General Meeting on 21st of June Salary of US$408.3k is part of CEO Nolan...
Analysis Article Apr 06

Sandstorm Gold (TSE:SSL) Has Affirmed Its Dividend Of $0.02

Sandstorm Gold Ltd.'s ( TSE:SSL ) investors are due to receive a payment of $0.02 per share on 26th of April. This...
Analysis Article Mar 16

Optimistic Investors Push Sandstorm Gold Ltd. (TSE:SSL) Shares Up 27% But Growth Is Lacking

Sandstorm Gold Ltd. ( TSE:SSL ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Mar 08

Calculating The Fair Value Of Sandstorm Gold Ltd. (TSE:SSL)

Key Insights Sandstorm Gold's estimated fair value is CA$6.30 based on 2 Stage Free Cash Flow to Equity Sandstorm...
Analysis Article Feb 22

We Think That There Are More Issues For Sandstorm Gold (TSE:SSL) Than Just Sluggish Earnings

Despite Sandstorm Gold Ltd.'s ( TSE:SSL ) recent earnings report having lackluster headline numbers, the market...
Analysis Article Jan 19

These 4 Measures Indicate That Sandstorm Gold (TSE:SSL) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jan 03

Subdued Growth No Barrier To Sandstorm Gold Ltd.'s (TSE:SSL) Price

When close to half the companies in the Metals and Mining industry in Canada have price-to-sales ratios (or "P/S...
Analysis Article Oct 19

Sandstorm Gold (TSE:SSL) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Oct 01

Sandstorm Gold (TSE:SSL) Is Paying Out A Dividend Of $0.02

Sandstorm Gold Ltd. ( TSE:SSL ) has announced that it will pay a dividend of $0.02 per share on the 27th of October...

Financial Position Analysis

Short Term Liabilities: SSL's short term assets ($40.2M) exceed its short term liabilities ($16.8M).

Long Term Liabilities: SSL's short term assets ($40.2M) do not cover its long term liabilities ($359.5M).


Debt to Equity History and Analysis

Debt Level: SSL's net debt to equity ratio (20.7%) is considered satisfactory.

Reducing Debt: SSL's debt to equity ratio has increased from 0% to 21.7% over the past 5 years.

Debt Coverage: SSL's debt is well covered by operating cash flow (46.9%).

Interest Coverage: SSL's interest payments on its debt are well covered by EBIT (3x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/20 22:51
End of Day Share Price 2025/10/20 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sandstorm Gold Ltd. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Heiko IhleAlliance Global Partners
Nicolas DionATB Cormark Historical (Cormark Securities)
null nullATB Cormark Historical (Cormark Securities)