Upgrades Sec Perform Outperform X

SAND Sandstorm Gold

RBC Capital Mkts

$6.50

Resumed Outperform X

SAND Sandstorm Gold

BMO Capital Markets

$9 $8

Upgrades Mkt Perform Outperform X

SAND Sandstorm Gold

BMO Capital Markets

$9.50 $9

Resumed Outperform X

SAND Sandstorm Gold

National Bank Financial

Downgrades Sec Perform Underperform X

SAND Sandstorm Gold

RBC Capital Mkts

$8 $7

Downgrades Buy Hold X

SAND Sandstorm Gold

Canaccord Genuity

SAND  Sandstorm Gold Ltd. Ordinary Shares (Canada)

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate. The Company has acquired a portfolio of approximately 140 streams and royalties, of which approximately 20 of the underlying mines are producing. The Company's projects include Yamana Silver Stream; Cerro Moro, which is located approximately 70 kilometers southwest of the coastal port city of Puerto Deseado; Chapada Mine, which is located 270 kilometers northwest of Brasilia in Goias state, Brazil; Black Fox Mine; Santa Elena Mine; Bachelor Lake Mine; Karma Mine; Ming Mine, Bracemac-McLeod Mine and Aurizona Mine.