Sandstorm Gold (TSE:SSL) had its target price hoisted by research analysts at CIBC from C$8.50 to C$9.25 in a note issued to investors on Wednesday, BayStreet.CA reports. CIBC’s target price points to a potential upside of 9.99% from the company’s current price.
Several other research firms have also issued reports on SSL. TD Securities upped their price target on Sandstorm Gold from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Wednesday. National Bank Financial upped their price target on Sandstorm Gold from C$9.25 to C$10.50 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Canaccord Genuity upped their price target on Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th.
Shares of Sandstorm Gold stock traded up C$0.03 on Wednesday, hitting C$8.41. 351,415 shares of the company’s stock traded hands, compared to its average volume of 543,141. The company has a current ratio of 5.54, a quick ratio of 4.86 and a debt-to-equity ratio of 8.34. The firm has a market capitalization of $1.54 billion and a PE ratio of 220.53. Sandstorm Gold has a 52-week low of C$4.60 and a 52-week high of C$9.21. The business’s 50-day simple moving average is C$7.97.
In related news, Director David E. De Witt sold 10,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$7.45, for a total value of C$74,500.00. Following the completion of the transaction, the director now owns 915,585 shares in the company, valued at approximately 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 value of C$2,614,500.00. Following the completion of the transaction, the director now owns 707,790 shares of the company’s stock, valued at approximately C$4,954,530.
Sandstorm Gold Company Profile
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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