Canaccord Genuity Raises Sandstorm Gold (SSL) Price Target to C$10.50

Sandstorm Gold (TSE:SSL) had its price objective upped by Canaccord Genuity from C$10.25 to C$10.50 in a report released on Friday morning.

A number of other analysts have also commented on the company. CIBC increased their price objective on Sandstorm Gold from C$5.50 to C$5.75 in a research note on Thursday, December 14th. National Bank Financial increased their price objective on Sandstorm Gold from C$7.25 to C$7.50 and gave the company an outperform rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of C$7.46.

Shares of Sandstorm Gold (TSE:SSL) opened at C$6.39 on Friday. The company has a market capitalization of $1,170.00, a price-to-earnings ratio of 91.29 and a beta of -0.93. Sandstorm Gold has a 52 week low of C$4.37 and a 52 week high of C$6.81.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings data on Wednesday, November 1st. The company reported C$0.03 EPS for the quarter, beating analysts’ consensus estimates of C$0.02 by C$0.01. Sandstorm Gold had a return on equity of 3.20% and a net margin of 26.61%.

In other Sandstorm Gold news, Director David Awram bought 23,000 shares of Sandstorm Gold stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average cost of C$5.49 per share, for a total transaction of C$126,270.00. Also, Director Andrew Swarthout sold 9,000 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of C$5.19, for a total value of C$46,710.00.

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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.

Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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