Sandstorm Gold (TSE:SSL) PT Raised to C$10.50 at Canaccord Genuity Group

Sandstorm Gold (TSE:SSL) had its price objective lifted by research analysts at Canaccord Genuity Group from C$10.00 to C$10.50 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 43.44% from the company’s previous close.

Several other research analysts also recently commented on SSL. TD Securities cut their target price on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. CIBC lifted their target price on Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th.

Sandstorm Gold Price Performance

Shares of TSE SSL traded up C$0.13 during mid-day trading on Tuesday, hitting C$7.32. 110,043 shares of the stock traded hands, compared to its average volume of 311,649. The company has a debt-to-equity ratio of 29.92, a current ratio of 3.32 and a quick ratio of 1.17. Sandstorm Gold has a twelve month low of C$5.36 and a twelve month high of C$8.38. The company has a market cap of C$2.18 billion, a PE ratio of 38.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The firm has a 50 day simple moving average of C$6.57 and a two-hundred day simple moving average of C$6.49.

Sandstorm Gold (TSE:SSL) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.11 earnings per share for the quarter, beating the consensus estimate of C$0.03 by C$0.08. The company had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. As a group, equities research analysts forecast that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.

Insider Transactions at Sandstorm Gold

In other Sandstorm Gold news, Director Nolan Allan Watson acquired 27,200 shares of the stock in a transaction dated Monday, April 15th. The stock was purchased at an average cost of C$7.33 per share, with a total value of C$199,376.00. Corporate insiders own 1.22% of the company’s stock.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.