Sandstorm Gold (TSE:SSL) had its price target lifted by TD Securities from C$9.50 to C$10.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 18.91% from the company’s previous close.
SSL has been the topic of several other reports. CIBC upped their price objective on shares of Sandstorm Gold from C$8.00 to C$8.50 in a report on Monday, July 15th. National Bank Financial upped their price objective on shares of Sandstorm Gold from C$9.25 to C$10.50 and gave the company an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity upped their price objective on shares of Sandstorm Gold from C$9.50 to C$10.50 in a report on Friday, July 19th.
Shares of SSL stock traded up C$0.03 during trading hours on Wednesday, hitting C$8.41. The company’s stock had a trading volume of 351,415 shares, compared to its average volume of 543,141. The stock has a 50 day simple moving average of C$7.97. The stock has a market cap of $1.54 billion and a PE ratio of 220.53. The company has a debt-to-equity ratio of 8.34, a quick ratio of 4.86 and a current ratio of 5.54. Sandstorm Gold has a 12-month low of C$4.60 and a 12-month high of C$9.21.
In other Sandstorm Gold news, Director David E. De Witt sold 10,000 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$7.45, for a total transaction of C$74,500.00. Following the transaction, the director now directly owns 915,585 shares of the company’s stock, valued at C$6,821,108.25. Also, Director Nolan Allan Watson sold 373,500 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$7.00, for a total transaction of C$2,614,500.00. Following the transaction, the director now directly owns 707,790 shares in the company, valued at C$4,954,530.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. It 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 and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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