Sandstorm Gold Ltd (TSE:SSL) was upgraded by research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a report issued on Monday, StockTargetPrices.com reports.
A number of other research firms also recently issued reports on SSL. Raymond James Financial Inc. increased their price target on shares of Sandstorm Gold from C$6.75 to C$7.25 in a research note on Thursday, July 7th. TD Securities increased their price target on shares of Sandstorm Gold from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Thursday, August 4th. CIBC increased their price target on shares of Sandstorm Gold from C$7.50 to C$8.50 in a research note on Saturday, August 6th. National Bank Financial increased their price target on shares of Sandstorm Gold from C$7.50 to C$8.50 in a research note on Wednesday, July 13th. Finally, BMO Capital Markets started coverage on shares of Sandstorm Gold in a research note on Thursday, June 16th. They issued a “market perform” rating and a C$4.50 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$7.14.
Sandstorm Gold (TSE:SSL) traded down 0.45% during trading on Monday, hitting $6.60. 270,877 shares of the company’s stock traded hands. Sandstorm Gold has a 12 month low of $2.82 and a 12 month high of $8.73. The company’s 50 day moving average is $7.55 and its 200-day moving average is $6.06. The stock’s market cap is $992.64 million.
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