Sandstorm Gold (TSE:SSL) Cut to "Strong Sell" at TD Securities

Sandstorm Gold (TSE:SSL - Get Free Report) was downgraded by research analysts at TD Securities from a "strong-buy" rating to a "strong sell" rating in a report issued on Thursday, MarketBeat.com reports. They currently have a C$14.00 price objective on the stock. TD Securities' price target would suggest a potential upside of 3.78% from the company's current price.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on Sandstorm Gold from C$11.00 to C$13.00 in a report on Monday, April 21st. CIBC upped their target price on Sandstorm Gold from C$9.50 to C$11.25 in a report on Thursday, April 17th. Finally, Canaccord Genuity Group upped their price objective on Sandstorm Gold from C$15.75 to C$17.00 in a research note on Tuesday, June 10th.

Sandstorm Gold Stock Up 0.5%

Shares of SSL stock traded up C$0.07 during mid-day trading on Thursday, hitting C$13.49. The stock had a trading volume of 1,050,870 shares, compared to its average volume of 560,838. Sandstorm Gold has a 12-month low of C$6.93 and a 12-month high of C$14.26. The firm has a market capitalization of C$2.83 billion, a P/E ratio of 89.76, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. The firm's 50-day moving average is C$12.44 and its two-hundred day moving average is C$10.51. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17.

Sandstorm Gold Company Profile

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.