SSL.TO vs. TFPM

Last updated Jun 4, 2026

SSL.TO (Sandstorm Gold Ltd.) and TFPM (Triple Flag Precious Metals Corp) are both stocks. Both are in the Basic Materials sector — SSL.TO in Gold, TFPM in Other Precious Metals & Mining. At a 0.41 correlation, their price movements are largely independent.

Performance

SSL.TO vs. TFPM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sandstorm Gold Ltd. (SSL.TO) and Triple Flag Precious Metals Corp (TFPM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SSL.TO is traded in CAD, while TFPM is traded in USD. To make them comparable, the TFPM values have been converted to CAD using the latest available exchange rates.

Returns By Period

SSL.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFPM

• 1D: -3.03%
• 1M: -2.61%
• YTD: -8.65%
• 6M: -8.10%
• 1Y: 27.54%
• 3Y*: 31.13%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSL.TO vs. TFPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SSL.TO Sandstorm Gold Ltd.	0.00%	101.57%	23.55%	8.31%	2.69%	7.68%
TFPM Triple Flag Precious Metals Corp	-8.65%	112.80%	24.45%	-3.97%	22.88%	33.13%

Correlation

The correlation between SSL.TO and TFPM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021	0.41

The correlation between SSL.TO and TFPM shifts across timeframes, from 0.35 (1 year) to 0.52 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SSL.TO : CA$4.85B TFPM : $6.19B
EPS SSL.TO : CA$0.11 TFPM : $1.51
PE Ratio SSL.TO : 140.94 TFPM : 19.75
PEG Ratio SSL.TO : 5.21 TFPM : 0.15
PS Ratio SSL.TO : 25.06 TFPM : 13.55
PB Ratio SSL.TO : 3.40 TFPM : 2.87
Total Revenue (TTM) SSL.TO : CA$193.59M TFPM : $453.24M
Gross Profit (TTM) SSL.TO : CA$163.20M TFPM : $337.23M
EBITDA (TTM) SSL.TO : CA$148.46M TFPM : $354.95M

Return for Risk

SSL.TO vs. TFPM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFPM

TFPM Risk / Return Rank: 58
TFPM Sharpe Ratio Rank: 61
TFPM Sortino Ratio Rank: 53
TFPM Omega Ratio Rank: 54
TFPM Calmar Ratio Rank: 60
TFPM Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSL.TO vs. TFPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sandstorm Gold Ltd. (SSL.TO) and Triple Flag Precious Metals Corp (TFPM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SSL.TO	TFPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.92	—

Drawdowns

Drawdown Indicators

	SSL.TO	TFPM	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.11%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-26.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.18%	—
Current Drawdown Current decline from peak	—	-26.18%	—
Average Drawdown Average peak-to-trough decline	—	-12.09%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.73%	—

Volatility

Volatility by Period

	SSL.TO	TFPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	41.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.98%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.98%	—

Dividends

SSL.TO vs. TFPM - Dividend Comparison

SSL.TO's dividend yield for the trailing twelve months is around 0.12%, less than TFPM's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SSL.TO Sandstorm Gold Ltd.	0.12%	0.25%	1.94%	14.70%	13.03%	0.00%	0.00%	4.21%
TFPM Triple Flag Precious Metals Corp	0.77%	0.68%	1.43%	1.54%	1.07%	0.39%	0.00%	0.00%

Financials

SSL.TO vs. TFPM - Profitability Comparison

The chart below illustrates the profitability comparison between Sandstorm Gold Ltd. and Triple Flag Precious Metals Corp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SSL.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a gross profit of 42.70M and revenue of 51.42M. Therefore, the gross margin over that period was 83.0%.

TFPM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.

SSL.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported an operating income of 39.05M and revenue of 51.42M, resulting in an operating margin of 76.0%.

TFPM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.

SSL.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandstorm Gold Ltd. reported a net income of 15.46M and revenue of 51.42M, resulting in a net margin of 30.1%.

TFPM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.

Frequently Asked Questions

Can I hold both SSL.TO and TFPM in my portfolio?

SSL.TO and TFPM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.