Sandstorm Gold Ltd (SSL) Price Target Cut to C$9.50
Sandstorm Gold Ltd (TSE:SSL) (NASDAQ:SAND) had its price target decreased by Canaccord Genuity from C$10.00 to C$9.50 in a research note issued to investors on Friday. Canaccord Genuity’s target price points to a potential upside of 68.44% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. CIBC downgraded Sandstorm Gold from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$6.00 to C$5.50 in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued an “outperform” rating and issued a C$7.50 price objective on shares of Sandstorm Gold in a report on Monday, July 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$7.10.
Sandstorm Gold (TSE SSL) traded up 0.35% during trading on Friday, hitting $5.66. The stock had a trading volume of 75,812 shares. Sandstorm Gold has a 52-week low of $4.29 and a 52-week high of $7.07. The firm’s 50-day moving average price is $5.62 and its 200-day moving average price is $5.32. The company has a market cap of $1.04 billion and a price-to-earnings ratio of 74.47.
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In related news, Director Nolan Allan Watson bought 20,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was acquired at an average price of C$4.98 per share, with a total value of C$99,600.00. Insiders have bought 23,500 shares of company stock valued at $118,125 in the last three months.
About Sandstorm Gold
Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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