Sandstorm Gold Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:AYS1 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
28 Oct 24	Sell€32,162,780	Orion Resource Partners (USA), L.P.	Company	5,830,000	€5.52
18 Oct 24	Sell€53,028,792	Orion Resource Partners (USA), L.P.	Company	10,000,000	€5.30
02 Oct 24	Sell€14,500,459	Orion Resource Partners (USA), L.P.	Company	2,700,000	€5.37
28 May 24	Sell€156,550	David De Witt	Individual	28,900	€5.42
15 Apr 24	Buy€136,261	Nolan Watson	Individual	27,200	€5.01
12 Mar 24	Buy€33,801	Nolan Watson	Individual	7,800	€4.33

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of AYS1?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	3,696,076	1.25%
VC/PE Firms	29,441,172	9.92%
Institutions	121,914,272	41.1%
General Public	141,792,182	47.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 43.87% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
9.92%	Orion Resource Partners (USA), L.P.	29,441,172	€151.6m	-38.6%	18.78%
8.99%	Van Eck Associates Corporation	26,685,618	€137.4m	0.22%	0.16%
8.16%	Capital Research and Management Company	24,208,281	€124.6m	6.59%	0.01%
2.27%	Ontario Teachers' Pension Plan Board	6,747,638	€34.7m	0%	0.28%
1.61%	Invesco Ltd.	4,786,659	€24.6m	24,200%	0.01%
1.56%	CI Global Asset Management	4,631,084	€23.8m	8.47%	0.05%
1.37%	Dimensional Fund Advisors LP	4,060,816	€20.9m	29%	no data
1.31%	Horizon Kinetics Holding Corporation	3,901,719	€20.1m	-2.11%	0.25%
1.05%	British Columbia Investment Management Corporation	3,114,791	€16.0m	-14.3%	0.1%
0.85%	Sprott Inc.	2,509,927	€12.9m	-3.77%	0.64%
0.83%	Tetrem Capital Management Ltd.	2,449,919	€12.6m	0%	0.72%
0.67%	Kopernik Global Investors, LLC	1,982,280	€10.2m	-0.13%	0.27%
0.62%	Morgan Stanley, Investment Banking and Brokerage Investments	1,846,593	€9.5m	-30.2%	no data
0.56%	Amundi Asset Management SAS	1,660,335	€8.5m	-8.04%	no data
0.51%	D. E. Shaw & Co., L.P.	1,511,560	€7.8m	652%	0.01%
0.47%	BMO Asset Management Corp.	1,404,694	€7.2m	-9.99%	no data
0.45%	Nolan Watson	1,344,065	€6.9m	0%	no data
0.41%	QV Investors Inc.	1,224,188	€6.3m	-2.01%	0.32%
0.38%	Bar Harbor Wealth Management	1,130,237	€5.8m	-1.61%	0.4%
0.35%	Goldman Sachs Group, Investment Banking and Securities Investments	1,037,582	€5.3m	44.7%	no data
0.34%	Cannell & Spears LLC	1,009,105	€5.2m	0%	0.11%
0.33%	David De Witt	974,233	€5.0m	0%	no data
0.3%	National Bank Investments Inc.	881,386	€4.5m	-0.32%	0.01%
0.29%	Two Sigma Investments, LP	869,324	€4.5m	260%	0.01%
0.27%	Royce & Associates, LP	810,000	€4.2m	0%	0.04%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 11:33
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Sandstorm Gold Ltd. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Heiko Ihle	Alliance Global Partners
Brian Quast	BMO Capital Markets Equity Research
Carey MacRury	Canaccord Genuity