Sandstorm Gold (TSE:SSL – Get Rating) had its price objective lowered by investment analysts at Canaccord Genuity Group from C$11.75 to C$11.00 in a research note issued on Friday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 57.59% from the stock’s previous close.
Several other research firms have also recently weighed in on SSL. CIBC upped their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Monday, April 17th. Stifel Nicolaus reduced their price target on shares of Sandstorm Gold from C$12.25 to C$12.00 in a research report on Tuesday, May 16th. Royal Bank of Canada upgraded shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating and set a C$6.50 target price on the stock in a report on Thursday, March 2nd. Finally, National Bankshares lifted their price target on shares of Sandstorm Gold from C$8.00 to C$9.25 in a research note on Tuesday, April 18th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sandstorm Gold has an average rating of “Buy” and a consensus price target of C$9.71.
Sandstorm Gold Price Performance
Shares of SSL stock traded down C$0.17 during trading on Friday, hitting C$6.98. The company had a trading volume of 185,199 shares, compared to its average volume of 450,938. The stock’s 50-day moving average price is C$7.71 and its 200 day moving average price is C$7.43. The company has a debt-to-equity ratio of 32.82, a quick ratio of 1.17 and a current ratio of 1.78. Sandstorm Gold has a one year low of C$6.29 and a one year high of C$8.83. The firm has a market capitalization of C$2.09 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 0.90 and a beta of 0.91.
Sandstorm Gold (TSE:SSL – Get Rating) last issued its quarterly earnings results on Wednesday, May 10th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.02. Sandstorm Gold had a return on equity of 8.30% and a net margin of 53.95%. The firm had revenue of C$59.47 million during the quarter, compared to the consensus estimate of C$59.40 million. Equities analysts expect that Sandstorm Gold will post 0.1189573 EPS for the current fiscal year.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a 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.