Sandstorm Gold Receives Consensus Recommendation of “Buy” from Analysts (CVE:SSL)
Shares of Sandstorm Gold (CVE:SSL) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, Stock Ratings Network reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$8.13.
Shares of Sandstorm Gold (CVE:SSL) opened at 7.82 on Wednesday. Sandstorm Gold has a one year low of $4.17 and a one year high of $8.19. The stock has a 50-day moving average of $6.73 and a 200-day moving average of $6.15. The company’s market cap is $869.4 million.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday. They noted that the move was a valuation call. Separately, analysts at TD Securities raised their price target on shares of Sandstorm Gold from C$7.00 to C$8.00 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Sandstorm Gold from C$9.00 to C$9.50 in a research note on Wednesday. They now have an “outperform” rating on the stock.
Sandstorm Gold Ltd. (CVE:SSL), formerly Sandstorm Resources Ltd.
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