Sandstorm Gold (SSL) PT Raised to C$5.75
Sandstorm Gold (TSE:SSL) had its price target increased by equities researchers at CIBC from C$5.50 to C$5.75 in a research report issued on Thursday, StockTargetPrices.com reports. CIBC’s target price would indicate a potential downside of 0.86% from the company’s current price.
Several other research firms have also recently commented on SSL. Canaccord Genuity lifted their target price on Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, October 20th. National Bank Financial reissued an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, October 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Sandstorm Gold presently has a consensus rating of “Buy” and a consensus price target of C$7.25.
Sandstorm Gold (TSE SSL) traded up C$0.22 during mid-day trading on Thursday, reaching C$5.80. The company had a trading volume of 273,967 shares, compared to its average volume of 398,189. Sandstorm Gold has a 12-month low of C$4.29 and a 12-month high of C$6.81.
About Sandstorm Gold
Sandstorm Gold Ltd., a resource-based company, focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty in return, it receives the right to purchase a percentage of a mines production for the life of the mine at a fixed or variable price per unit.
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