Sandstorm Gold (TSE:SSL) Stock Price Expected to Rise, CIBC Analyst Says

Sandstorm Gold (TSE:SSL) had its price target upped by equities researchers at CIBC from C$9.50 to C$10.00 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 24.84% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Stifel Nicolaus increased their target price on Sandstorm Gold from C$10.25 to C$11.00 in a report on Monday, October 21st. Canaccord Genuity Group increased their price objective on Sandstorm Gold from C$10.50 to C$11.00 in a report on Tuesday, July 23rd. Finally, TD Securities boosted their target price on Sandstorm Gold from C$10.00 to C$11.00 in a research note on Friday, October 18th.

Sandstorm Gold Trading Down 8.7 %

TSE:SSL opened at C$8.01 on Friday. The company has a debt-to-equity ratio of 26.63, a current ratio of 1.99 and a quick ratio of 1.17. The business’s 50-day simple moving average is C$8.18 and its 200-day simple moving average is C$7.82. Sandstorm Gold has a fifty-two week low of C$5.36 and a fifty-two week high of C$8.98. The stock has a market capitalization of C$2.38 billion, a PE ratio of 57.21, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.02). The company had revenue of C$60.98 million during the quarter, compared to the consensus estimate of C$61.69 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.15%. Sell-side analysts expect that Sandstorm Gold will post 0.230835 earnings per share for the current fiscal year.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.