Sandstorm (SAND) Rallies 6.3% on $3.5-Billion Merger with Royal Gold

Sandstorm Gold Ltd. (NYSE:SAND) is one of the 10 Stocks Crushing Market Expectations.

Sandstorm extended its winning streak to a third consecutive day on Monday, adding 6.33 percent to close at $10.24 apiece as investors gobbled up shares following news that it was set to be acquired by Royal Gold Inc. for $3.5 billion.

In a statement, Sandstorm Gold Ltd. (NYSE:SAND) said it entered into a definitive arrangement agreement with Royal Gold for an all-stock acquisition of all its issued and outstanding common shares.

Under the agreement, shareholders of Sandstorm Gold Ltd. (NYSE:SAND) will receive 0.0625 of each Royal Gold common share, or equivalent to a 21-percent premium to the 20-day volume-weighted average price of SAND shares for the period ended July 3, 2025.

A panoramic view of a gold mine, highlighting the company’s global mining operations.

Additionally, it would represent a 17 percent premium to SAND’s closing price on the New York Stock Exchange on July 3, 2025.

Upon closing, existing Royal Gold and Sandstorm Gold Ltd. (NYSE:SAND) shareholders will own approximately 77 percent and 23 percent, of the issued and outstanding Royal Gold Shares on a fully diluted basis.

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Disclosure: None. This article is originally published at Insider Monkey.