#6 - Sandstorm Gold (NYSE:SAND)
It’s hard not to stress how important it is for investors to invest in gold stocks. But the current rally may have investors wondering if they’ve missed the rally on mining stocks. A different way to play the current gold rush is through a company like Sandstorm Gold (NYSE:SAND).
Sandstorm collects royalties from the gold mining companies that they finance. After providing upfront financing, Sandstorm receives a percentage of the gold produced for the lifetime of the mine. Like mining stocks, SAND’s stock price moves up and down with the production of gold. The company recently posted record fiscal year revenue largely due to a record amount of gold sold.
This is a trend that’s expected to continue through 2020 as revenue is expected to climb another 27% and earnings are supposed to climb 44%. And although SAND stock has climbed 18% in the last two weeks, it’s still 30% below its 52-week high. With no expectation of mines closing, investors have a long runway.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.
Read More - Current Price
- $5.85
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $8.35 (42.9% Upside)
