Inactive Instrument

Analyst Reco. Sandstorm Gold Ltd.

Equities

SSL

CA80013R2063

Investment Management & Fund Operators

Analyst Reco.

10/25/10	CANADA RESEARCH ROUNDUP-Aritzia, BRP, DPM Metals	RE
10/25/10	RBC Raises Price Target on Sandstorm Gold to $14 From $10.50, Keeps Outperform Rating	MT
05/25/05	First Quantum Inks US$1.0 Billion Gold Stream Deal With Royal Gold	MT
21/25/21	Stifel Canada Downgrades Sandstorm Gold to Hold From Buy, CA$13.25 Price Target	MT
08/25/08	Sandstorm Gold Maintained at Buy as It Agrees to Royal Gold's US$3.5-Billion Offer; Price Target Kept at C$13.00	MT
12/25/12	Sandstorm Gold Has Outperform Rating, C$15 Price Target at National Bank	MT
04/25/04	RBC Capital Adjusts Price Target on Sandstorm Gold to $10.50 From $7, Maintains Outperform Rating	MT
07/25/07	Sandstorm Gold Keeps Outperform Rating, US$7 Price Target at RBC With RBC "Neutral" On Its Q1	MT
09/25/09	Sandstorm Gold Rating Kept at Outperform by RBC Capital Markets, National Bank, After Q1 Production Results	MT
04/25/04	RBC Raises Price Target on Sandstorm Gold to $7 From $6.50, Keeps Outperform Rating	MT
13/25/13	Sandstorm Gold Kept at Outperform With an $11.00 Price Target at National Bank of Canada	MT
05/25/05	Sandstorm Gold Maintained at Outperform with a US$6.50 Price Target at RBC Capital Markets	MT
19/25/19	Sandstorm Gold Kept at Outperform by RBC Capital Markets and National Bank Following Q4 Results	MT
08/25/08	Sandstorm Gold Stock Ratings, Price Targets Confirmed at RBC Capital Markets and National Bank of Canada	MT
28/24/28	Sandstorm Gold Has Outperform Rating, C$10.75 Price Target at National Bank of Canada	MT
11/24/11	Sandstorm Gold Keeps Stock Ratings, Price Targets at RBC Capital Markets and National Bank of Canada	MT
17/24/17	Sandstorm Gold Outperform Rating, US$6 Price Target Maintained at RBC Capital Markets	MT
06/24/06	Sandstorm Gold Has Outperform Rating, $9.75 Price Target Confirmed by National Bank of Canada	MT
08/24/08	Sandstorm Gold Maintained at Outperform at BMO Following Preliminary Q2 Results; Price Target Kept at US$7.50	MT
08/24/08	Sandstorm Gold Has Outperform Rating, US$6.50 Price Target at RBC Capital Markets	MT
08/24/08	National Bank Notes Osisko Gold Royalties Preliminary Q2 Sales Below Estimates	MT
29/24/29	RBC Raises Price Target on Sandstorm Gold to $6.50 From $5.50, Keeps Outperform Rating	MT
03/24/03	Sandstorm Gold Brief: Keeps Outperform and Target Raised To C$8.75 From $8.50 at National Bank, Which Notes Co's "De-leveraging Efforts Supported By Commodity Prices, Non-Core Asset Sales"	MT
18/24/18	Scotiabank Adjusts Price Target on Sandstorm Gold to $6.25 From $6.50, Maintains Sector Perform Rating	MT
09/24/09	RBC Capital Markets Says Sandstorm Gold's Revenue, Sales Above Expectations	MT