Raymond James Boosts Sandstorm Gold (TSE:SSL) Price Target to C$11.00


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Sandstorm Gold (TSE:SSL) had its price objective increased by Raymond James to C$11.00 in a research report report published on Monday, Stock Target Advisor reports. The brokerage currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. Scotiabank upped their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Monday, January 11th. CIBC restated an outperform rating and set a C$13.00 price objective on shares of Sandstorm Gold in a report on Monday. Canaccord Genuity lowered their target price on shares of Sandstorm Gold from C$12.00 to C$11.50 in a report on Tuesday, February 9th. Finally, National Bank Financial lowered their target price on shares of Sandstorm Gold from C$14.25 to C$13.50 and set an outperform rating for the company in a report on Friday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of C$12.33.

Shares of TSE SSL opened at C$9.59 on Monday. The firm has a market cap of C$1.87 billion and a PE ratio of 51.84. Sandstorm Gold has a 12-month low of C$7.57 and a 12-month high of C$14.22. The company’s fifty day simple moving average is C$9.16 and its 200 day simple moving average is C$9.14. The company has a quick ratio of 29.91, a current ratio of 30.01 and a debt-to-equity ratio of 0.45.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, February 11th. The company reported C$0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.07. The business had revenue of C$38.71 million for the quarter. On average, equities analysts predict that Sandstorm Gold will post 0.2 earnings per share for the current year.

In related news, Director Andrew Swarthout sold 10,300 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of C$9.56, for a total transaction of C$98,468.00. Following the completion of the sale, the director now owns 39,366 shares in the company, valued at C$376,338.96.

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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Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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