Sandstorm Gold (TSE:SSL) PT Lowered to C$10.00

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Sandstorm Gold (TSE:SSL) had its price objective lowered by research analysts at National Bank Financial from C$11.50 to C$10.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 21.21% from the company’s current price.

Several other equities research analysts have also recently commented on the company. CIBC increased their price target on Sandstorm Gold from C$11.25 to C$11.75 in a report on Tuesday, January 28th. Canaccord Genuity cut their target price on Sandstorm Gold from C$11.00 to C$10.50 in a research note on Wednesday, March 18th.

TSE:SSL opened at C$8.25 on Wednesday. Sandstorm Gold has a one year low of C$4.64 and a one year high of C$10.50. The company has a debt-to-equity ratio of 8.48, a quick ratio of 6.57 and a current ratio of 7.28. The stock has a market cap of $1.39 billion and a PE ratio of 91.67. The stock has a 50 day moving average price of C$8.34 and a 200 day moving average price of C$8.51.

Sandstorm Gold (TSE:SSL) last posted its quarterly earnings results on Thursday, February 13th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.01). The company had revenue of C$31.67 million during the quarter, compared to analysts’ expectations of C$30.36 million. As a group, analysts predict that Sandstorm Gold will post 0.14 earnings per share for the current fiscal year.

In other Sandstorm Gold news, Director Andrew Swarthout sold 12,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$9.42, for a total transaction of C$113,081.76. Following the completion of the sale, the director now owns 6,334 shares of the company’s stock, valued at C$59,688.32. Also, Director David Awram bought 5,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of C$8.23 per share, with a total value of C$41,150.00. Following the purchase, the director now owns 533,440 shares of the company’s stock, valued at C$4,390,211.20.

Sandstorm Gold 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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