Sandstorm Gold Ltd (TSE:SSL)‘s stock had its “outperform” rating reiterated by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. They currently have a C$7.50 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 49.70% from the company’s previous close.
A number of other analysts also recently commented on the company. CIBC downgraded Sandstorm Gold from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$6.00 to C$5.50 in a research report on Thursday, June 22nd. TD Securities reaffirmed a “buy” rating and set a C$8.50 price target on shares of Sandstorm Gold in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sandstorm Gold presently has a consensus rating of “Buy” and an average target price of C$7.43.
Shares of Sandstorm Gold (TSE:SSL) traded up 3.99% on Monday, hitting $5.21. The stock had a trading volume of 420,751 shares. The company has a 50-day moving average of $4.86 and a 200 day moving average of $5.40. The company has a market capitalization of $791.89 million and a price-to-earnings ratio of 44.53. Sandstorm Gold has a 52 week low of $4.29 and a 52 week high of $8.73.
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In other news, Director Nolan Allan Watson acquired 20,000 shares of Sandstorm Gold stock in a transaction on Friday, July 7th. The stock was acquired at an average cost of C$4.98 per share, with a total value of C$99,600.00.
About Sandstorm Gold
Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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