Sandstorm Gold (TSE:SSL) Price Target Raised to C$21.50 at CIBC

Key Points

• CIBC raised Sandstorm Gold's price target from C$16.50 to C$21.50, indicating a potential upside of 27.67% from the stock's previous close.
• Sandstorm Gold's stock experienced a slight decline of 0.2% recently, trading at C$16.84.
• Analysts are mixed on the stock, with ratings ranging from "strong sell" to "buy," resulting in an average rating of "Hold" and a consensus target price of C$15.75.

Sandstorm Gold (TSE:SSL - Get Free Report) had its target price boosted by CIBC from C$16.50 to C$21.50 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's target price would suggest a potential upside of 27.67% from the stock's previous close.

A number of other brokerages also recently issued reports on SSL. TD Securities downgraded Sandstorm Gold from a "strong-buy" rating to a "strong sell" rating and set a C$14.00 price target on the stock. in a report on Thursday, July 10th. Stifel Canada downgraded Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. Finally, Canaccord Genuity Group upped their price target on Sandstorm Gold from C$18.50 to C$22.00 in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$15.75.

Sandstorm Gold Stock Down 0.2%

Sandstorm Gold stock traded down C$0.04 during mid-day trading on Friday, hitting C$16.84. The company had a trading volume of 350,369 shares, compared to its average volume of 601,369. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44. The stock's 50 day moving average price is C$15.69 and its two-hundred day moving average price is C$13.32. Sandstorm Gold has a 12 month low of C$7.47 and a 12 month high of C$18.01. The company has a market capitalization of C$4.94 billion, a PE ratio of 140.33, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

About Sandstorm Gold

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.