Sandstorm Gold Receives Sector Perform Rating from NBF (SSL)
Sandstorm Gold (CVE:SSL)‘s stock had its “sector perform” rating restated by analysts at NBF in a research report issued to clients and investors on Wednesday. They currently have a C$7.25 price target on the stock, down from their previous price target of C$8.00. NBF’s price target suggests a potential downside of 39.23% from the company’s current price.
A number of other firms have also recently commented on SSL. Analysts at CIBC raised their price target on shares of Sandstorm Gold from C$7.50 to C$8.00 in a research note on Tuesday, July 22nd. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Sandstorm Gold from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. They now have a C$8.00 price target on the stock, up previously from C$7.00. Finally, analysts at Canaccord Genuity downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$8.25.
Shares of Sandstorm Gold (CVE:SSL) opened at 7.37 on Wednesday. Sandstorm Gold has a 52-week low of $4.17 and a 52-week high of $8.19. The stock’s 50-day moving average is $7.41 and its 200-day moving average is $6.45. The company’s market cap is $819.4 million.
Sandstorm Gold Ltd. (CVE:SSL), formerly Sandstorm Resources Ltd.
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