Sandstorm Gold (TSE:SSL) Price Target Raised to C$10.00 at CIBC

Sandstorm Gold (TSE:SSL) had its price target hoisted by CIBC from C$9.50 to C$10.00 in a report released on Friday,BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 25.00% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. TD Securities raised their price objective on shares of Sandstorm Gold from C$10.00 to C$11.00 in a report on Friday, October 18th. Stifel Nicolaus lifted their target price on Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group lifted their target price on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd.

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded down C$0.77 during midday trading on Friday, reaching C$8.00. 998,133 shares of the company traded hands, compared to its average volume of 325,425. Sandstorm Gold has a 12 month low of C$5.36 and a 12 month high of C$8.98. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The business has a 50 day moving average of C$8.17 and a two-hundred day moving average of C$7.82. The firm has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 57.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The firm had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. As a group, research analysts predict that Sandstorm Gold will post 0.230835 earnings per share for the current year.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.