Scotiabank Boosts Sandstorm Gold Ltd. (SSL.TO) (TSE:SSL) Price Target to C$10.50


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Sandstorm Gold Ltd. (SSL.TO) (TSE:SSL) had its price target boosted by Scotiabank from C$10.00 to C$10.50 in a report published on Monday, BayStreet.CA reports.

SSL has been the topic of several other reports. Royal Bank of Canada reiterated a sector perform rating on shares of Sandstorm Gold Ltd. (SSL.TO) in a research report on Friday, October 30th. TD Securities upgraded Sandstorm Gold Ltd. (SSL.TO) from a hold rating to a buy rating and increased their target price for the company from C$14.00 to C$14.50 in a research note on Tuesday, October 20th. HC Wainwright reissued a buy rating on shares of Sandstorm Gold Ltd. (SSL.TO) in a report on Friday, September 25th. Finally, Roth Capital reissued a buy rating on shares of Sandstorm Gold Ltd. (SSL.TO) in a report on Wednesday, December 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Sandstorm Gold Ltd. (SSL.TO) currently has an average rating of Buy and an average target price of C$14.00.

TSE:SSL opened at C$8.67 on Monday. The firm has a market cap of C$1.67 billion and a P/E ratio of 184.47. The company has a current ratio of 16.99, a quick ratio of 16.80 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is C$9.34 and its 200-day simple moving average is C$11.09. Sandstorm Gold Ltd. has a 12-month low of C$0.01 and a 12-month high of C$14.22.

Sandstorm Gold Ltd. (SSL.TO) (TSE:SSL) last posted its earnings results on Thursday, October 29th. The company reported C$0.04 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.05 by C($0.01). The business had revenue of C$18.91 million during the quarter. Research analysts forecast that Sandstorm Gold Ltd. will post 0.2 EPS for the current fiscal year.

In other news, Director Mary Lois Little sold 20,000 shares of the stock in a transaction dated Wednesday, December 30th. The shares were sold at an average price of C$9.30, for a total transaction of C$186,000.00. Following the completion of the transaction, the director now directly owns 301,128 shares in the company, valued at approximately C$2,800,490.40. Also, Director David Awram sold 100,000 shares of the stock in a transaction dated Monday, December 7th. The stock was sold at an average price of C$9.73, for a total transaction of C$973,000.00. Following the transaction, the director now owns 433,440 shares of the company’s stock, valued at C$4,217,371.20.

Sandstorm Gold Ltd. (SSL.TO) 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 Ltd. (SSL.TO) (TSE:SSL)

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