Sandstorm Gold (TSE:SSL) had its price target lowered by National Bank Financial from C$11.75 to C$11.25 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2019 earnings at $0.03 EPS, FY2019 earnings at $0.08 EPS, Q1 2020 earnings at $0.04 EPS, FY2020 earnings at $0.16 EPS and FY2021 earnings at $0.13 EPS.
A number of other analysts have also weighed in on SSL. Raymond James increased their target price on shares of Sandstorm Gold from C$6.25 to C$6.75 and gave the stock an outperform rating in a report on Wednesday, August 14th. TD Securities increased their target price on shares of Sandstorm Gold from C$10.00 to C$11.50 and gave the stock a buy rating in a report on Tuesday, November 5th. Finally, CIBC raised shares of Sandstorm Gold from a neutral rating to an outperform rating and increased their price target for the stock from C$10.00 to C$11.25 in a research note on Thursday, October 31st. Five analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus target price of C$9.96.
Sandstorm Gold stock opened at C$8.76 on Monday. The company has a current ratio of 5.96, a quick ratio of 5.28 and a debt-to-equity ratio of 9.34. The firm has a 50-day moving average of C$8.25 and a 200-day moving average of C$7.83. The firm has a market cap of $1.59 billion and a P/E ratio of 125.14. Sandstorm Gold has a 1-year low of C$5.30 and a 1-year high of C$9.47.
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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