Sandstorm Gold Ltd (TSE:SSL) has earned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$7.20.
Several analysts have commented on SSL shares. National Bank Financial restated an “outperform” rating on shares of Sandstorm Gold in a report on Tuesday, October 17th. Canaccord Genuity raised their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, October 20th.
In other Sandstorm Gold news, Director David Awram bought 23,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of C$5.49 per share, for a total transaction of C$126,270.00.
Shares of Sandstorm Gold (TSE:SSL) opened at C$5.47 on Friday. Sandstorm Gold has a 1-year low of C$4.29 and a 1-year high of C$6.81.
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About Sandstorm Gold
Sandstorm Gold Ltd., a resource-based company, 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 in return, it receives the right to purchase a percentage of a mines production for the life of the mine at a fixed or variable price per unit.
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