CIBC Issues Positive Forecast for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its price objective increased by equities research analysts at CIBC from C$9.50 to C$11.25 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential downside of 4.26% from the company’s current price.

SSL has been the subject of several other reports. Canaccord Genuity Group lifted their target price on shares of Sandstorm Gold from C$12.25 to C$12.75 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Raymond James dropped their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a report on Thursday, February 20th.

Sandstorm Gold Price Performance

Shares of TSE SSL opened at C$11.75 on Thursday. The stock’s 50-day simple moving average is C$9.77 and its two-hundred day simple moving average is C$8.73. Sandstorm Gold has a twelve month low of C$6.93 and a twelve month high of C$12.09. The firm has a market capitalization of C$2.46 billion, a P/E ratio of 78.18, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.