Canaccord Genuity Group Issues Positive Forecast for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its target price lifted by research analysts at Canaccord Genuity Group from C$15.75 to C$17.00 in a report released on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price would suggest a potential upside of 38.55% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Sandstorm Gold from C$11.00 to C$13.00 in a research note on Monday, April 21st. Raymond James decreased their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, CIBC raised their price objective on shares of Sandstorm Gold from C$9.50 to C$11.25 in a report on Thursday, April 17th.

Sandstorm Gold Stock Down 1.6%

TSE SSL traded down C$0.20 on Tuesday, reaching C$12.27. The company had a trading volume of 346,558 shares, compared to its average volume of 518,291. The firm has a market capitalization of C$2.57 billion, a PE ratio of 81.64, a P/E/G ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 1 year low of C$6.93 and a 1 year high of C$13.19. The firm has a 50-day moving average of C$11.61 and a 200-day moving average of C$9.71. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17.

Sandstorm Gold Company Profile

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.