Sandstorm Gold Ltd. (TSE:SSL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Sandstorm Gold Ltd. (TSE:SSL) have been assigned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$12.58.

Several equities analysts have issued reports on the stock. National Bank Financial dropped their price objective on shares of Sandstorm Gold from C$14.25 to C$13.50 and set an “outperform” rating on the stock in a research note on Friday, February 12th. Raymond James dropped their price target on shares of Sandstorm Gold to C$12.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 7th. Scotiabank raised their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research report on Monday, January 11th. CIBC lowered their price objective on Sandstorm Gold from C$16.75 to C$13.50 in a report on Monday, February 8th. Finally, Canaccord Genuity cut their target price on Sandstorm Gold from C$12.00 to C$11.50 in a research note on Tuesday, February 9th.

SSL opened at C$9.62 on Friday. Sandstorm Gold has a 52 week low of C$7.57 and a 52 week high of C$14.22. The business has a 50 day moving average price of C$8.66 and a two-hundred day moving average price of C$9.30. The company has a quick ratio of 36.00, a current ratio of 36.22 and a debt-to-equity ratio of 0.45. The company has a market cap of C$1.88 billion and a PE ratio of 109.32.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Thursday, February 11th. The company reported C$0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.07. The company had revenue of C$38.71 million for the quarter. As a group, sell-side analysts expect that Sandstorm Gold will post 0.21 EPS for the current fiscal year.

About Sandstorm Gold

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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Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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