Sandstorm Gold (NYSE:SAND) received a $9.00 target price from analysts at Raymond James in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a "market perform" rating on the stock. Raymond James' target price would suggest a potential upside of 42.41% from the company's current price.
Several other research analysts have also recently issued reports on the stock. National Bank Financial cut their target price on shares of Sandstorm Gold from C$13.50 to C$12.75 and set an "outperform" rating on the stock in a report on Friday, August 6th. Stifel Nicolaus dropped their price target on shares of Sandstorm Gold from C$15.00 to C$14.50 and set a "buy" rating for the company in a research report on Monday, November 8th. Zacks Investment Research cut shares of Sandstorm Gold from a "hold" rating to a "sell" rating in a research report on Thursday, October 7th. HC Wainwright dropped their target price on shares of Sandstorm Gold from $14.75 to $14.00 and set a "buy" rating for the company in a report on Monday, August 9th. Finally, Royal Bank of Canada set a $7.00 target price on Sandstorm Gold and gave the stock an "underperform" rating in a research note on Thursday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sandstorm Gold has an average rating of "Hold" and a consensus target price of $11.58.
SAND stock traded down $0.05 during trading on Thursday, hitting $6.32. 1,308,674 shares of the company traded hands, compared to its average volume of 1,686,723. The company has a 50-day moving average of $6.36 and a 200-day moving average of $7.20. Sandstorm Gold has a 1 year low of $5.45 and a 1 year high of $9.31. The firm has a market capitalization of $1.22 billion, a PE ratio of 42.13 and a beta of 1.03.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAND. Price T Rowe Associates Inc. MD boosted its position in shares of Sandstorm Gold by 53.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 175,028 shares of the company's stock valued at $1,188,000 after purchasing an additional 60,621 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in Sandstorm Gold during the second quarter worth about $72,000. Franklin Resources Inc. grew its holdings in Sandstorm Gold by 8.8% in the second quarter. Franklin Resources Inc. now owns 374,088 shares of the company's stock worth $2,954,000 after purchasing an additional 30,100 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Sandstorm Gold by 2.4% during the second quarter. Goldman Sachs Group Inc. now owns 575,117 shares of the company's stock valued at $4,538,000 after purchasing an additional 13,467 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Sandstorm Gold by 412.2% during the second quarter. Toronto Dominion Bank now owns 171,765 shares of the company's stock valued at $1,357,000 after purchasing an additional 138,232 shares during the last quarter. Institutional investors own 40.80% of the company's stock.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream. The company was founded by Nolan Watson and David I.
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