Sandstorm Gold Given Consensus Recommendation of “Hold” by Brokerages (CVE:SSL)
Shares of Sandstorm Gold (CVE:SSL) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, AR Network reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$8.00.
Shares of Sandstorm Gold (CVE:SSL) opened at 6.61 on Tuesday. 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 $7.20 and its 200-day moving average is $6.50. The company’s market cap is $734.9 million.
A number of research firms have recently commented on SSL. Analysts at Raymond James raised their price target on shares of Sandstorm Gold from C$7.50 to C$8.00 in a research note on Thursday, August 14th. They now have a “market perform” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Sandstorm Gold in a research note on Thursday, August 7th. They now have a C$7.00 price target on the stock, down previously from C$8.50. Finally, analysts at National Bank Financial cut their price target on shares of Sandstorm Gold from C$8.00 to C$7.25 in a research note on Wednesday, August 6th. They now have a “sector perform” rating on the stock.
Sandstorm Gold Ltd. (CVE:SSL), formerly Sandstorm Resources Ltd.
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