Sandstorm Gold (TSE:SSL) had its price target upped by TD Securities from C$9.50 to C$10.00 in a research note released on Wednesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
Several other research analysts have also recently issued reports on the company. National Bank Financial upped their price objective on Sandstorm Gold from C$9.25 to C$10.50 and gave the stock an outperform rating in a research report on Tuesday. Canaccord Genuity upped their price objective on Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th. Finally, CIBC upped their price objective on Sandstorm Gold from C$8.00 to C$8.50 in a research report on Monday, July 15th.
Shares of TSE:SSL traded down C$0.06 on Wednesday, hitting C$8.23. 45,743 shares of the company’s stock were exchanged, compared to its average volume of 540,964. The stock’s 50-day moving average is C$7.99. The stock has a market capitalization of $1.46 billion and a P/E ratio of 217.63. Sandstorm Gold has a 1-year low of C$4.60 and a 1-year high of C$9.21. The company has a debt-to-equity ratio of 8.34, a current ratio of 5.54 and a quick ratio of 4.86.
In other Sandstorm Gold news, Director David E. De Witt sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 915,585 shares of the company’s stock, valued at C$6,821,108.25. Also, Director Nolan Allan Watson sold 373,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 707,790 shares in the company, valued at approximately 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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