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Sandstorm Gold (TSE:SSL) Cut to "Tender" at CIBC

Sandstorm Gold logo with Basic Materials background

Key Points

  • Sandstorm Gold has been downgraded by CIBC from a "neutral" to a "tender" rating, with a new price target of C$16.50.
  • Other analysts have also downgraded the stock, including Stifel Canada and TD Securities, affecting its overall consensus rating which remains at "Hold".
  • The stock's performance shows a fluctuation with a current price of C$16.73, having a fifty-two week range between C$7.47 and C$16.78.
  • Five stocks to consider instead of Sandstorm Gold.

Sandstorm Gold (TSE:SSL - Get Free Report) was downgraded by analysts at CIBC from a "neutral" rating to a "tender" rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$16.50 target price on the stock, up from their previous target price of C$13.50. CIBC's price target suggests a potential downside of 1.37% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Stifel Canada cut shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. TD Securities cut Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price target for the company. in a report on Thursday, July 10th. Finally, Canaccord Genuity Group increased their price target on Sandstorm Gold from C$15.75 to C$17.00 in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$13.75.

Check Out Our Latest Research Report on SSL

Sandstorm Gold Stock Performance

SSL traded up C$0.40 on Monday, reaching C$16.73. 212,056 shares of the stock were exchanged, compared to its average volume of 562,504. The company's 50-day moving average price is C$14.29 and its 200 day moving average price is C$12.37. Sandstorm Gold has a fifty-two week low of C$7.47 and a fifty-two week high of C$16.78. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. The firm has a market capitalization of C$4.90 billion, a PE ratio of 139.42, a PEG ratio of 0.90 and a beta of 0.66.

Sandstorm Gold Company Profile

(Get Free Report)

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.

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