Sandstorm Gold (TSE:SSL) had its target price upped by TD Securities from C$9.50 to C$10.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other research firms also recently weighed in on SSL. National Bank Financial lifted their price target on shares of Sandstorm Gold from C$9.25 to C$10.50 and gave the stock an outperform rating in a research note on Tuesday, August 13th. Canaccord Genuity lifted their price target on shares of Sandstorm Gold from C$9.50 to C$10.50 in a research note on Friday, July 19th. Finally, CIBC lifted their price target on shares of Sandstorm Gold from C$8.00 to C$8.50 in a research note on Monday, July 15th.
SSL opened at C$7.98 on Wednesday. Sandstorm Gold has a fifty-two week low of C$4.60 and a fifty-two week high of C$9.21. The company has a debt-to-equity ratio of 7.33, a current ratio of 6.13 and a quick ratio of 5.97. The firm’s fifty day moving average price is C$8.02 and its two-hundred day moving average price is C$7.46. The company has a market capitalization of $1.41 billion and a P/E ratio of 159.60.
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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