Latest news with #SAND
Yahoo
08-07-2025
- Business
- Yahoo
Sandstorm (SAND) Rallies 6.3% on $3.5-Billion Merger with Royal Gold
Sandstorm Gold Ltd. (NYSE:SAND) is one of the . 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. While we acknowledge the potential of SAND as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Sandstorm Set to be Acquired by Royal Gold in $3.5 Billion Deal
Sandstorm Gold Ltd. SAND has announced that it will enter into an agreement with Royal Gold, Inc. RGLD under which the latter will acquire all of the former's issued and outstanding common shares at an implied value of approximately $3.5 billion. The agreement entered into was a twin one with Horizon Copper Corp., which is also set to be acquired by Royal Gold through an all-cash transaction valued at approximately $196 million. The transaction is aligned with Sandstorm's focus on delivering consistent growth and value to its shareholders. For each of Sandstorm's shares, its shareholders will receive 0.0625 of a share of Royal Gold's common stock. It implies an immediate premium of 21% to Sandstorm's 20-day volume-weighted average price for the period ended July 3, 2025. Additionally, this transaction will enable shareholders' participation in the world's most diversified, large-scale precious metals streaming and royalty company. Improvement in pro-forma portfolio maturity will also benefit its equity owners with more diversification and reduced concentration of development assets. Sandstorm will get further access to institutional investors. Through a larger, diversified, gold-focused streaming and royalty company with strong liquidity, Royal Gold is also set to derive advantage from SAND's high-quality and long-life precious metals assets in mining-friendly jurisdictions. Subject to requisite approvals, the transaction is expected to close in the fourth quarter of 2025 with the exit of Sandstorm stock and Horizon stock from the TSX, NYSE and TSX-V. SAND stock has gained 85.3% over the past year compared with the industry's 49.5% growth. Image Source: Zacks Investment Research SAND currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Basic Materials space are Alamos Gold (AGI) and Newmont Corporation NEM. While AGI currently sports a Zacks Rank #1 (Strong Buy), NEM carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for AGI's 2025 earnings is pegged at $1.4 per share, indicating a rise of 75% from year-ago levels. The company's earnings beat the consensus estimate in two of the trailing four quarters while missing the rest. Its shares have gained 66.7% in the past year. The Zacks Consensus Estimate for NEM's current-year earnings is pegged at $4.33 per share, indicating a 24.43% year-over-year earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with an average surprise of 32.41%. NEM's shares have gained 40% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Sandstorm Gold Ltd (SAND) : Free Stock Analysis Report Royal Gold, Inc. (RGLD) : Free Stock Analysis Report Alamos Gold Inc. (AGI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Khaleej Times
26-05-2025
- Business
- Khaleej Times
Middle East's first swimwear, resortwear, activewear and loungewear B2B retail event in Dubai
This autumn, over 70 of the world's leading brands and retailers in swimwear, resortwear, activewear, and loungewear will gather in Dubai for the debut edition of SAND, a first-of-its-kind B2B retail event in the Middle East dedicated to fashion designed for sun and leisure. Taking place from October 11–13 at The Agenda, Dubai Media City, SAND offers a three-day platform designed to foster connections, unlock expansion opportunities, and spotlight the region's rapidly growing appetite for stylish, wellness-led living. Including panel talks, special guests and other immersive happenings across the showcase SAND is set to become the region's definitive destination for premium resort fashion, offering buyers from across the Middle East and Asia the chance to explore curated collections from both established and emerging global brands, many of whom will be showing in the region for the first time. For participating brands, SAND offers unique access to some of the most influential retailers, boutiques, resorts, and e-commerce players. Co-founded by fashion and marketing experts Karim Hatab and Iyad Grahne, who bring two decades of combined experience in the Middle East across business and global fashion industries, SAND was born from a clear market need and a deep network of relationships. Leveraging international reach and regional insight, the duo have worked closely with key partners to shape an engaging, business-forward event. 'We're excited to launch SAND, the first event of its kind in the region,' says co-founder Karim Hatab. 'SAND is more than a trade show, it's a platform for international brands to connect with the Middle East's dynamic, luxury retail ecosystem, and for local labels to expand their global footprint. It's about real connections, collaborations, and long-term growth. Our aim is for SAND to become an annual event – an essential fixture on the global calendar.' 'Dubai is a natural home for SAND,' adds Iyad Grahne. 'It's a world-class fashion capital, a gateway to the region, and a year-round beach and wellness destination. With fashion in the Middle East gaining global attention, the timing for this kind of event couldn't be better.' Participating brands include: Oceanus, Miss June Paris, My Beachy Side, La Revêche, Positano Couture, Isabel Beachwear, Nadia Dafri, Allis, Acqua de Lux, HartiSWIM with further names to be announced shortly. Buyers and industry leaders from major retail groups, high-end boutiques, top hotels and resorts, and leading e-commerce platforms are expected to attend.
Yahoo
02-05-2025
- Business
- Yahoo
Why Sandstorm Gold Ltd. (SAND) Surged on Wednesday
We recently published an article titled . In this article, we are going to take a look at where Sandstorm Gold Ltd. (NYSE:SAND) stands against the other stocks that soared on Wednesday. The stock market finished Wednesday's trading on a lackluster note, with the three major indices finishing mixed, as investors digested news of the US economy's contraction in the first quarter of the year that triggered fears of a possible recession. Among all major indices, only the Dow Jones and S&P 500 ended in the green, up 0.35 percent and 0.15 percent, respectively. In contrast, the tech-heavy Nasdaq dipped by 0.09 percent. Ten firms, on the other hand, managed to record strong gains, thanks to impressive earnings performance and optimistic outlooks for the rest of the year. We have named 10 of the top-performing stocks on Wednesday and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A panoramic view of a gold mine, highlighting the company's global mining operations. Sandstorm Gold Ltd. (NYSE:SAND) saw its share prices rise by 3.69 percent on Wednesday to close at $8.70 apiece as investors snapped up shares on optimism that it would report an impressive earnings performance for the past quarter. In its market note, Zacks Research said that it expects Sandstorm Gold Ltd. (NYSE:SAND) to be one of the three firms to beat analyst estimates to reflect the higher gold prices in the period. The two others were Kinross Gold Corp. and IAMGOLD Corp. 'Higher prices are expected to have supported the performance of gold miners in the first quarter,' Zacks Research said. According to Sandstorm Gold Ltd. (NYSE:SAND), it is scheduled to release the official net earnings figures for the first quarter on May 6, 2025. During the past three months, the company said it sold approximately 18,500 attributable gold equivalent ounces and realized record preliminary revenues of $50.1 million. Overall SAND ranks 10th on our list of the stocks that soared on Wednesday. While we acknowledge the potential of SAND as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SAND but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Jordan News
29-04-2025
- Business
- Jordan News
Conditions and Mechanism for Obtaining Old-Age Pension - Jordan News
The Public Social Security Corporation clarified in a statement issued by its media center that the conditions for obtaining the old-age pension are as follows: اضافة اعلان The male insured must have completed the age of 60, and the female insured must have completed the age of 55. The insured must have a minimum subscription period of 180 contributions, which equals 15 years, with at least 84 actual contributions (equivalent to 7 years). "Actual contributions" refers to mandatory contributions through a workplace, voluntary contributions, or periods for which unemployment benefits were paid. The Corporation explained that an insured person who meets the eligibility criteria for the old-age pension can stop their subscription and apply for the pension by logging into their personal account on the Corporation's website, mobile app, or the government app "SAND" (Sustainable National Digital). From the retirees' services, they can select the "Request Old-Age Pension" service, fill in the required information, and submit the application. The Corporation also emphasized the importance of the insured person providing their bank account number (IBAN) through the channels provided by the bank where they wish to have their pension transferred.
