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Investment analysts at CIBC initiated coverage on shares of Sandstorm Gold (CVE:SSL) in a note issued to investors on Thursday. The firm set a “sector perform” rating and a C$7.00 price target on the stock. CIBC’s target price indicates a potential downside of 41.32% from the company’s current price.

Shares of Sandstorm Gold (CVE:SSL) traded down 1.31% during mid-day trading on Thursday, hitting $6.05. The stock had a trading volume of 71,866 shares. Sandstorm Gold has a 52 week low of $4.17 and a 52 week high of $8.44. The stock has a 50-day moving average of $6.19 and a 200-day moving average of $5.65. The company’s market cap is $672.6 million.

Sandstorm Gold Ltd. (CVE:SSL), formerly Sandstorm Resources Ltd.

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