Pulse of The Market: Tuesday’s 10 Top Performers

3. Sandstorm Gold Ltd. (NYSE:SAND)

Shares of Sandstorm Gold soared to a new high of $7.44 on Tuesday, before a slight sell-off pulled the company’s stock price to end the day just up by 7.59 percent at $7.37 apiece, signaling investor confidence.

At its current valuation, analysts said SAND’s stocks are already overvalued.

In other news, SAND renewed its share buyback program for its Canadian stocks, saying they were undervalued.

In Canada, the company resumed a buyback program of up to 20 million common shares, representing 7 percent of the company’s issued and outstanding common shares.

SAND is a precious metals-focused royalty company that provides upfront financing to mining companies and receives the right to a percentage of production from a mine, for the life of the mine. Sandstorm holds a portfolio of over 230 royalties, of which 41 of the underlying mines are producing.