Sandstorm Gold Ltd. (TSE:SSL) has earned an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$11.16.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada reaffirmed an “underperform” rating and issued a C$8.75 target price on shares of Sandstorm Gold in a research note on Friday, August 6th. National Bankshares lowered their price target on shares of Sandstorm Gold from C$12.75 to C$11.50 and set an “outperform” rating for the company in a research report on Friday, September 10th. Canaccord Genuity lowered their price target on shares of Sandstorm Gold from C$11.00 to C$10.00 and set a “hold” rating for the company in a research report on Friday, August 20th. Raymond James lifted their price target on shares of Sandstorm Gold to C$11.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, National Bank Financial lowered their price target on shares of Sandstorm Gold to C$11.50 and set an “outperform” rating for the company in a research report on Friday, September 10th.
Shares of Sandstorm Gold stock traded up C$0.18 during trading on Friday, hitting C$8.23. 507,470 shares of the company’s stock traded hands, compared to its average volume of 290,607. The company has a debt-to-equity ratio of 0.43, a current ratio of 10.95 and a quick ratio of 10.01. The firm’s fifty day moving average price is C$8.00 and its 200 day moving average price is C$9.18. Sandstorm Gold has a twelve month low of C$6.86 and a twelve month high of C$11.34. The company has a market cap of C$1.60 billion and a PE ratio of 42.15.
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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