TD Securities Increases Sandstorm Gold (TSE:SSL) Price Target to C$10.00

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.

In other news, Director David E. De Witt sold 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$7.45, for a total value of C$74,500.00. Following the sale, the director now owns 915,585 shares in the company, valued at approximately C$6,821,108.25. Also, Director David Awram sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of C$8.55, for a total transaction of C$427,500.00. Following the completion of the sale, the director now owns 478,440 shares in the company, valued at approximately C$4,090,662.

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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