Sandstorm Gold (TSE:SSL) Shares Down 2.1% – Here’s What Happened

Sandstorm Gold Ltd. (TSE:SSL) shares dropped 2.1% during mid-day trading on Thursday . The company traded as low as C$15.00 and last traded at C$16.15. Approximately 842,727 shares traded hands during mid-day trading, an increase of 16% from the average daily volume of 726,460 shares. The stock had previously closed at C$16.50.

Analysts Set New Price Targets

Separately, CIBC lifted their price target on shares of Sandstorm Gold from C$16.50 to C$21.50 in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$15.75.

Sandstorm Gold Price Performance

The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The firm has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 134.58, a P/E/G ratio of 0.90 and a beta of 0.70. The company has a fifty day moving average price of C$16.15 and a two-hundred day moving average price of C$15.85.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.