Sandstorm Gold (TSE:SSL) Given New C$6.25 Price Target at CIBC

Sandstorm Gold (TSE:SSL) had its price objective upped by CIBC from C$5.75 to C$6.25 in a report released on Wednesday, December 20th.

Several other research firms also recently issued reports on SSL. Canaccord Genuity dropped their target price on Sandstorm Gold from C$10.00 to C$9.50 in a research report on Friday, September 29th. National Bank Financial reiterated an outperform rating on shares of Sandstorm Gold in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$7.38.

Shares of Sandstorm Gold (TSE:SSL) opened at C$6.32 on Wednesday. The stock has a market capitalization of $1,160.00, a price-to-earnings ratio of 90.29 and a beta of -0.93. Sandstorm Gold has a 12-month low of C$4.37 and a 12-month high of C$6.81.

In other news, Director David Awram bought 23,000 shares of Sandstorm Gold stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average price of C$5.49 per share, with a total value of C$126,270.00.

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Sandstorm Gold Company Profile

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Analyst Recommendations for Sandstorm Gold (TSE:SSL)

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