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    SSL   CA80013R2063

SANDSTORM GOLD LTD.

(SSL)
  Report
Delayed Toronto Stock Exchange  -  04:32 2022-11-30 pm EST
6.980 CAD   +1.45%
11/08Transcript : Sandstorm Gold Ltd., Q3 2022 Earnings Call, Nov 08, 2022
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11/08RBC Capital Markets Says Sandstorm Gold's Q3 Results Mixed Compared To Expectations
MT
11/08Sandstorm Gold Q3 Net Income, Revenue Up YOY; Provides Outlook
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Commodities, tech stocks lift TSX after six days of selloff

09/28/2022 | 10:29am EST

Sept 28 (Reuters) - Canada's main stock index rose on Wednesday led by precious metal miners and technology stocks, a day after the TSX posted its longest streak of daily declines since May on worries of a global recession.

At 10:04 a.m. ET (14:04 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 71.21 points, or 0.39%, at 18,379.12.

The energy sector added 0.5% as crude prices rose 1% a barrel. The materials sector , which includes precious and base metals miners and fertilizer companies, gained 2.5% with shares of Eldorado Gold jumping 8.9% to the top of TSX.

Those two groups together account for nearly 30% of TSX's weightage.

Tech stocks rose 0.5% as Canadian government bond yields were lower, tracking a similar trend in U.S. Treasuries after the Bank of England said it would step into the bond market to stem a damaging rise in borrowing costs.

The TSX has lost 4.5% so far this month and is set for a second straight month of declines as investors worried that higher borrowing costs to tackle inflation could tip some major economies into recession.

Markets are pricing in a 56% chance of a 50-basis points hike in interest rates by the Bank of Canada next month. It has already lifted rates by 300 bps in just six months this year.

"The Bank of Canada will hike again in October and take the overnight rate up by half a percentage point to 3.75% and then the question is do they continue to tighten from there," said Craig Alexander, chief economist at Deloitte Canada.

"Monetary policy in Canada is already restrictive and combined with the improvement that we've seen in global supply chains and the drop in commodity prices coming from the global slowdown, the pieces are in place for inflation to trend significantly lower in the coming months."

Among individual stocks, Sandstorm Gold dipped 8.9% after the gold-focused streaming and royalty company announced $80 million bought financing deal.

Algoma Steel Group dropped 11.7% to the bottom of TSX as brokerages cut their price targets on the stock after the company provided second-quarter guidance.

BlackBerry slipped 3.3% after the software company reported a fall in cybersecurity revenue for the second quarter, as customers cut spending due to an uncertain macroeconomic environment. (Reporting by Shashwat Chauhan; Editing by Vinay Dwivedi and Arun Koyyur)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALGOMA STEEL GROUP INC. 2.48% 6.62 Delayed Quote.-40.24%
BLACKBERRY LIMITED -0.46% 6.52 Delayed Quote.-44.59%
S&P GSCI GOLD INDEX 2.00% 1045.18 Real-time Quote.-3.59%
SANDSTORM GOLD LTD. 1.45% 6.98 Delayed Quote.-12.36%
All news about SANDSTORM GOLD LTD.
11/08Transcript : Sandstorm Gold Ltd., Q3 2022 Earnings Call, Nov 08, 2022
CI
11/08RBC Capital Markets Says Sandstorm Gold's Q3 Results Mixed Compared To Expectations
MT
11/08Sandstorm Gold Q3 Net Income, Revenue Up YOY; Provides Outlook
MT
11/07Sandstorm Gold : Q3 Earnings Snapshot
AQ
11/07Sandstorm Gold : Management's Discussion and Analysis - Form 6-K
PU
11/07Sandstorm Gold Royalties Announces Record 2022 Third Quarter Results
AQ
11/07Sandstorm Gold Ltd. Provides Production Guidance for the Year 2022 and 2025
CI
11/07Sandstorm Gold Ltd. Reports Production Results for the Third Quarter Ended September 30..
CI
11/07Tranche Update on Sandstorm Gold Ltd.'s Equity Buyback Plan announced on April 5, 2022.
CI
11/07Sandstorm Gold Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ende..
CI
More news
Analyst Recommendations on SANDSTORM GOLD LTD.
More recommendations
Financials
Sales 2022 205 M 152 M 152 M
Net income 2022 112 M 83,0 M 83,0 M
Net Debt 2022 619 M 457 M 457 M
P/E ratio 2022 21,9x
Yield 2022 1,15%
Capitalization 2 081 M 1 538 M 1 538 M
EV / Sales 2022 13,1x
EV / Sales 2023 10,4x
Nbr of Employees 23
Free-Float 96,0%
Chart SANDSTORM GOLD LTD.
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Technical analysis trends SANDSTORM GOLD LTD.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 6,98 CAD
Average target price 11,33 CAD
Spread / Average Target 62,4%
EPS Revisions
Managers and Directors
Nolan Watson President, Chief Executive Officer & Director
Erfan Kazemi Chief Financial Officer
David Eric de Witt Lead Independent Director
Andrew T. Swarthout Independent Director
John Philip Adrian Budreski Independent Director
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