H.C. Wainwright analyst Heiko Ihle has reiterated their bullish stance on SAND stock, giving a Buy rating on June 24.
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Heiko Ihle has given his Buy rating due to a combination of factors surrounding Sandstorm Gold’s strategic acquisition by Royal Gold. The transaction, valued at approximately $3.5 billion, offers Sandstorm shareholders a significant premium over the current share price, providing immediate value while allowing them to retain exposure to Sandstorm’s assets through Royal Gold shares.
Additionally, the deal underscores the potential for further mergers and acquisitions in the royalty sector, which can enhance portfolio diversification and scaling opportunities in the current market environment. The revised precious metal price deck, reflecting increased spot prices for gold, silver, and copper, further supports the Buy rating as these commodities are expected to continue their upward trajectory due to ongoing geopolitical risks and demand for safe-haven assets.
In another report released on June 24, National Bank also maintained a Buy rating on the stock with a C$16.00 price target.