Sandstorm Gold (TSE:SSL) had its target price boosted by TD Securities from C$9.50 to C$10.00 in a report issued on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other research analysts have also issued reports on the stock. Canaccord Genuity lifted their price target on shares of Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th. 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 report on Tuesday. Finally, CIBC lifted their price target on shares of Sandstorm Gold from C$8.00 to C$8.50 in a research report on Monday, July 15th.
Sandstorm Gold stock traded down C$0.06 during mid-day trading on Wednesday, hitting C$8.23. The company’s stock had a trading volume of 45,743 shares, compared to its average volume of 540,964. The company has a quick ratio of 4.86, a current ratio of 5.54 and a debt-to-equity ratio of 8.34. The firm has a market capitalization of $1.46 billion and a PE ratio of 217.63. Sandstorm Gold has a twelve month low of C$4.60 and a twelve month high of C$9.21. The firm’s fifty day simple moving average is C$7.99.
In other Sandstorm Gold news, Director David E. De Witt sold 10,000 shares of Sandstorm Gold stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$7.45, for a total transaction of C$74,500.00. Following the transaction, the director now directly owns 915,585 shares in the company, valued at approximately C$6,821,108.25. Also, Director Nolan Allan Watson sold 373,500 shares of Sandstorm Gold stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$7.00, for a total transaction of C$2,614,500.00. Following the transaction, the director now owns 707,790 shares in the company, valued at C$4,954,530.
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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