Sandstorm Gold Ltd (SAND) saw its stock price surge by 5.12% in intraday trading, riding the wave of a broader gold stock rally. The impressive gains come as gold prices continue to climb, with spot gold gaining 2% and hovering near record highs above $3,000 an ounce.

The gold sector has been experiencing a significant upturn in 2025, with major players like Barrick Gold, Newmont Mining, and Agnico Eagle Mines posting year-to-date gains of 22%, 32%, and 36% respectively. Analysts attribute the gold price increase to several factors, including heightened central bank buying and geopolitical tensions. This broader market trend has lifted stocks across the gold mining sector, with US Gold up 13%, Gold Resource up 10%, and both Harmony and Gold Fields up 8% in recent trading.

Adding to the positive sentiment for Sandstorm Gold, Stifel Nicolaus analyst Ingrid Rico maintained a Buy rating on the stock with a price target of C$11.00. This vote of confidence from Wall Street, combined with the overall strength in the gold market, appears to be fueling investor enthusiasm for SAND. As gold prices continue to trade near all-time highs, companies like Sandstorm Gold are well-positioned to benefit from increased operational leverage and potential growth opportunities in the sector.