Sandstorm Gold Ltd (TSE:SSL) had its price objective raised by equities researchers at Canaccord Genuity from C$8.50 to C$9.00 in a research note issued to investors on Thursday. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s target price suggests a potential upside of 77.17% from the stock’s current price.

Other research analysts have also issued reports about the company. National Bank Financial upped their target price on Sandstorm Gold from C$7.50 to C$8.50 in a research report on Wednesday, July 13th. Raymond James Financial Inc. increased their price objective on Sandstorm Gold from C$7.25 to C$8.50 in a report on Friday, September 23rd. CIBC increased their price objective on Sandstorm Gold from C$7.50 to C$8.50 in a report on Saturday, August 6th. Finally, TD Securities increased their price objective on Sandstorm Gold from C$8.50 to C$9.50 and gave the company a “buy” rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$7.41.

Analyst Recommendations for Sandstorm Gold (TSE:SSL)

Shares of Sandstorm Gold (TSE:SSL) opened at 5.08 on Thursday. The company’s 50-day moving average price is $6.30 and its 200 day moving average price is $6.41. Sandstorm Gold has a 52 week low of $2.82 and a 52 week high of $8.73. The company’s market cap is $764.03 million.

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