Sandstorm Gold (TSE:SSL) Trading Down 2.1% – What’s Next?

Sandstorm Gold Ltd. (TSE:SSL) shares fell 2.1% during mid-day trading on Wednesday . The company traded as low as C$15.00 and last traded at C$16.15. 842,727 shares traded hands during trading, an increase of 16% from the average session volume of 726,460 shares. The stock had previously closed at C$16.50.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SSL. CIBC raised their price target on Sandstorm Gold from C$16.50 to C$21.50 in a research note on Friday, October 10th. Canaccord Genuity Group increased their price objective on Sandstorm Gold from C$18.50 to C$22.00 in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$15.75.

Sandstorm Gold Price Performance

The stock has a 50 day moving average of C$16.17 and a two-hundred day moving average of C$15.17. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29. The firm has a market capitalization of C$4.73 billion, a P/E ratio of 134.58, a P/E/G ratio of 0.90 and a beta of 0.70.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.