Sandstorm Gold (TSE:SSL) had its target price upped by National Bank Financial from C$11.25 to C$14.25 in a research report report published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Sandstorm Gold’s Q2 2020 earnings at $0.06 EPS, Q3 2020 earnings at $0.06 EPS, FY2020 earnings at $0.21 EPS and FY2022 earnings at $0.22 EPS.
Several other equities analysts have also commented on the company. TD Securities lowered Sandstorm Gold from a buy rating to a hold rating and upped their target price for the company from C$12.00 to C$13.50 in a research note on Friday, May 8th. Canaccord Genuity reduced their target price on Sandstorm Gold from C$11.00 to C$10.50 in a report on Wednesday, March 18th. Finally, CIBC increased their price target on Sandstorm Gold from C$12.25 to C$14.00 in a research report on Monday, May 11th.
TSE:SSL opened at C$12.18 on Tuesday. The company has a current ratio of 6.02, a quick ratio of 5.31 and a debt-to-equity ratio of 10.26. Sandstorm Gold has a 12-month low of C$4.64 and a 12-month high of C$12.52. The firm has a market cap of $2.29 billion and a P/E ratio of 609.00. The stock’s 50 day simple moving average is C$9.64 and its 200-day simple moving average is C$9.00.
In other Sandstorm Gold news, Director David Awram bought 5,000 shares of Sandstorm Gold stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of C$8.23 per share, with a total value of C$41,150.00. Following the acquisition, the director now directly owns 533,440 shares of the company’s stock, valued at C$4,390,211.20. Also, Director Nolan Allan Watson sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$12.21, for a total transaction of C$4,885,600.00. Following the completion of the transaction, the director now owns 307,790 shares of the company’s stock, valued at approximately C$3,759,347.06.
Sandstorm Gold Company Profile
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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