Sandstorm Gold (TSE:SSL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Sandstorm Gold (TSE:SSL) had its target price upped by equities research analysts at Stifel Nicolaus from C$11.00 to C$13.00 in a note issued to investors on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 12.95% from the stock’s current price.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their price objective on Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a “buy” rating in a research note on Wednesday, April 9th. Raymond James cut their price target 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. Finally, CIBC lifted their price objective on shares of Sandstorm Gold from C$9.50 to C$11.25 in a research note on Thursday, April 17th.

Sandstorm Gold Price Performance

TSE SSL opened at C$11.51 on Monday. Sandstorm Gold has a 12 month low of C$6.93 and a 12 month high of C$12.16. The firm has a market capitalization of C$2.41 billion, a PE ratio of 76.59, a P/E/G ratio of 0.90 and a beta of 1.11. The company’s 50 day simple moving average is C$9.90 and its 200 day simple moving average is C$8.80. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17.

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.