Shares of Sandstorm Gold Ltd (TSE:SSL) rose 6.5% on Wednesday . The company traded as high as C$6.43 and last traded at C$6.43. Approximately 763,081 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 469,316 shares. The stock had previously closed at C$6.04.

SSL has been the topic of a number of analyst reports. National Bank Financial reissued an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, October 17th. Canaccord Genuity upped their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, October 20th. Finally, CIBC upped their target price on shares of Sandstorm Gold from C$5.50 to C$5.75 in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$7.58.

The company has a market capitalization of $1,100.00, a P/E ratio of 91.43 and a beta of -0.93.

In other news, Director David Awram purchased 23,000 shares of Sandstorm Gold stock in a transaction on Tuesday, December 5th. The shares were purchased at an average cost of C$5.49 per share, for a total transaction of C$126,270.00. Also, Director Andrew Swarthout sold 9,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of C$5.19, for a total transaction of C$46,710.00.

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Sandstorm Gold Company Profile

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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