Sandstorm Gold Price Target (TSE: SSL) Reduced to CA $ 10.75

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Sandstorm Gold (TSE: SSL) saw its price target lowered by investment analysts at National Bankshares from C $ 11.50 to C $ 10.75 in a research report released to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential rise of 33.04% from the current share price.

A number of other brokerages have also recently published reports on SSL. Canaccord Genuity lowered its price target for Sandstorm Gold shares from C $ 11.00 to C $ 10.00 and established a “hold” rating for the company in a research report released on Friday, August 20. CIBC reassessed an “outperform” rating and set a target price of C $ 13.50 for Sandstorm Gold shares in a research report released on Wednesday, June 30. National Bank Financial lowered its target price for Sandstorm Gold shares to C $ 11.50 and established an “outperformance” rating for the company in a research report released on Friday, September 10. Raymond James raised his target price on Sandstorm Gold shares to C $ 11.00 and gave the company a “market performance” rating in a research report released on Wednesday, October 13. Finally, TD Securities raised its target price on Sandstorm Gold shares from C $ 12.00 to C $ 12.50 and assigned the company a “buy” rating in a research report published on Wednesday, June 30. One analyst assigned a sell rating to the stock, two assigned a conservation rating, and five assigned a buy rating to the stock. According to MarketBeat data, Sandstorm Gold currently has a consensus rating of “Buy” and an average target price of C $ 11.06.

Actions of Sandstorm gold stock traded up C $ 0.02 on Friday, reaching C $ 8.08. The company’s 255,154 shares traded hands, compared to its average volume of 288,089. The company’s 50-day simple moving average is C $ 7.94 and its 200-day simple moving average is 9. $ 17 CAD. The company has a current ratio of 10.95, a quick ratio of 10.01 and a debt to equity ratio of 0.43. The company has a market capitalization of 1.57 billion Canadian dollars and a P / E ratio of 42.80. Sandstorm Gold has a 12-month low of CA $ 6.86 and a 12-month high of CA $ 11.34.

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Sandstorm Gold (TSE: SSL) last reported its quarterly results on Thursday August 5th. The company reported earnings per share (EPS) of C $ 0.05 for the quarter, missing analyst consensus estimates of C $ 0.06 per (C $ 0.01). The company reported sales of C $ 32.49 million for the quarter, compared to analysts’ estimate of C $ 40.18 million. Analysts expect Sandstorm Gold to post earnings per share of 0.26 for the current year.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring contracts for the purchase of gold and other metals and royalties from companies that have late-stage development projects or operating mines. The company offers upfront payments to 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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Analyst Recommendations for Sandstorm Gold (TSE: SSL)

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