Sandstorm Gold (TSE:SSL) Price Target Lowered to C$9.50 at CIBC

Sandstorm Gold (TSE:SSL) had its target price cut by analysts at CIBC from C$10.00 to C$9.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s target price would indicate a potential upside of 8.82% from the company’s current price.

Separately, Raymond James dropped their target price on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a research report on Thursday.

Sandstorm Gold Stock Up 2.6 %

Shares of TSE SSL traded up C$0.22 during midday trading on Thursday, hitting C$8.73. The stock had a trading volume of 345,972 shares, compared to its average volume of 380,523. The company has a market cap of C$1.83 billion, a P/E ratio of 58.09, a PEG ratio of 0.90 and a beta of 1.11. The business’s 50 day moving average is C$8.34 and its 200-day moving average is C$8.09. Sandstorm Gold has a 52 week low of C$5.42 and a 52 week high of C$9.48. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44.

Insider Buying and Selling

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. 1.20% of the stock is owned by company insiders.

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.