Sandstorm Gold Ltd (TSE:SSL) (NASDAQ:SAND) had its price objective raised by equities researchers at Canaccord Genuity from C$9.50 to C$10.00 in a research note issued to investors on Friday. Canaccord Genuity’s price target would indicate a potential upside of 79.53% from the company’s previous close.

A number of other equities analysts have also weighed in on SSL. National Bank Financial reiterated an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, October 17th. CIBC lowered Sandstorm Gold from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$6.00 to C$5.50 in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$7.50 target price on shares of Sandstorm Gold in a research note on Monday, July 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Sandstorm Gold has a consensus rating of “Buy” and an average target price of C$7.20.

Shares of Sandstorm Gold (TSE:SSL) traded down 1.62% during mid-day trading on Friday, hitting $5.48. The stock had a trading volume of 52,053 shares. Sandstorm Gold has a 52 week low of $4.29 and a 52 week high of $6.87. The stock has a market capitalization of $1.01 billion and a P/E ratio of 72.11. The stock has a 50 day moving average of $5.77 and a 200-day moving average of $5.33.

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Sandstorm Gold Company Profile

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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