Sandstorm Gold (TSE:SSL) Stock Price Down 2.1% – What’s Next?

Sandstorm Gold Ltd. (TSE:SSL)’s share price traded down 2.1% on Wednesday . The company traded as low as C$15.00 and last traded at C$16.15. 842,727 shares traded hands during trading, an increase of 16% from the average session volume of 726,460 shares. The stock had previously closed at C$16.50.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SSL shares. CIBC boosted their price target on Sandstorm Gold from C$16.50 to C$21.50 in a research report on Friday, October 10th. Canaccord Genuity Group boosted their target price on shares of Sandstorm Gold from C$18.50 to C$22.00 in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$15.75.

Sandstorm Gold Trading Down 2.1%

The firm has a market cap of C$4.73 billion, a P/E ratio of 134.58, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70. The business’s 50 day moving average is C$16.15 and its 200-day moving average is C$15.55. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.