Sandstorm Gold (TSE:SSL) Given New C$7.50 Price Target at National Bank Financial

Sandstorm Gold (TSE:SSL) had its target price boosted by investment analysts at National Bank Financial from C$7.25 to C$7.50 in a report released on Wednesday, December 20th. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 18.67% from the company’s previous close. National Bank Financial also issued estimates for Sandstorm Gold’s Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.17 EPS.

Several other research firms also recently issued reports on SSL. CIBC increased their target price on Sandstorm Gold from C$5.75 to C$6.25 in a research report on Wednesday, December 20th. Canaccord Genuity lowered their price objective on Sandstorm Gold from C$10.00 to C$9.50 in a research report on Friday, September 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$7.38.

Shares of Sandstorm Gold (TSE:SSL) opened at C$6.32 on Wednesday. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 90.29 and a beta of -0.93. Sandstorm Gold has a 12-month low of C$4.37 and a 12-month high of C$6.81.

In related news, Director David Awram acquired 23,000 shares of Sandstorm Gold stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of C$5.49 per share, with a total value of C$126,270.00.

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Sandstorm Gold Company Profile

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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