Sandstorm Gold is engaged as a resource-based company that seeks to acquire gold and other metals purchase agreements ("Gold Streams" or "Streams") and royalties from companies that have advanced stage development projects or operating mines. In return for making an upfront payment to acquire a Stream or royalty, Co. receives the right to purchase, at a fixed price per unit or at a fixed percentage of the spot price, a percentage of a mine's production for the life of the mine (in the case of a Stream) or a portion of the revenue generated from the mine (in the case of a royalty). We show 2 historical shares outstanding datapoints in our SAND shares outstanding history coverage, used to compute SAND market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SAND market cap history over the course of time is important for investors
interested in comparing SAND's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SAND versus a peer is one thing; comparing
SAND market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SAND can fluctuate over the course of history.
With this page we aim to empower investors researching SAND by allowing them to research the SAND market cap history. |
Free SAND Email Alerts:
Video: The Importance of Market Cap
