Sandstorm Gold Ltd (SSL) Lifted to Buy at Canaccord Genuity
Sandstorm Gold Ltd (TSE:SSL) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Monday.
A number of other analysts also recently weighed in on the company. TD Securities increased their price target on Sandstorm Gold from C$8.50 to C$9.50 and gave the stock a “buy” rating in a report on Thursday, August 4th. Raymond James Financial Inc. raised their target price on Sandstorm Gold from C$7.25 to C$8.50 in a research note on Friday, September 23rd. BMO Capital Markets started coverage on Sandstorm Gold in a research note on Thursday, June 16th. They issued a “market perform” rating and a C$4.50 target price for the company. National Bank Financial raised their target price on Sandstorm Gold from C$7.50 to C$8.50 in a research note on Wednesday, July 13th. Finally, CIBC restated an “outperform” rating and issued a C$7.50 target price on shares of Sandstorm Gold in a research note on Monday, July 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$7.14.
Sandstorm Gold (TSE:SSL) traded down 0.45% during mid-day trading on Monday, reaching $6.60. The company’s stock had a trading volume of 270,877 shares. Sandstorm Gold has a 52-week low of $2.82 and a 52-week high of $8.73. The firm has a 50 day moving average price of $7.55 and a 200 day moving average price of $6.06. The company’s market cap is $992.64 million.
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