Sandstorm Gold (TSE:SSL) Price Target Raised to C$10.00 at CIBC

Sandstorm Gold (TSE:SSL) had its target price lifted by investment analysts at CIBC from C$9.50 to C$10.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 25.00% from the company’s previous close.

SSL has been the subject of a number of other reports. Canaccord Genuity Group increased their price target on shares of Sandstorm Gold from C$10.50 to C$11.00 in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their target price on Sandstorm Gold from C$10.25 to C$11.00 in a research note on Monday, October 21st. Finally, TD Securities upped their price target on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Stock Performance

Shares of TSE:SSL traded down C$0.77 during trading on Friday, hitting C$8.00. 998,133 shares of the company were exchanged, compared to its average volume of 325,425. Sandstorm Gold has a 52-week low of C$5.36 and a 52-week high of C$8.98. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The company has a market cap of C$2.38 billion, a PE ratio of 57.21, a P/E/G ratio of 0.90 and a beta of 1.11. The stock has a 50 day moving average of C$8.17 and a 200 day moving average of C$7.82.

Sandstorm Gold (TSE:SSL) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.05 by C($0.02). The firm had revenue of C$60.98 million for the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. As a group, equities research analysts predict that Sandstorm Gold will post 0.230835 EPS for the current 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 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.