Why Sandstorm Gold Ltd. (SAND) Surged on Wednesday

We recently published an article titled Excellent Earnings Propelled Prices of These 10 Firms. 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.

Sandstorm Gold Ltd. (NYSE:SAND)

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.

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