Raymond James Issues Pessimistic Forecast for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its price target dropped by stock analysts at Raymond James from C$8.50 to C$8.25 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential downside of 3.17% from the company’s previous close. Raymond James also issued estimates for Sandstorm Gold’s FY2025 earnings at $0.21 EPS.

Separately, CIBC raised their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Trading Down 2.9 %

SSL opened at C$8.52 on Thursday. The business’s 50-day simple moving average is C$8.36 and its 200-day simple moving average is C$8.10. The company has a market cap of C$1.79 billion, a P/E ratio of 56.69, a PEG ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a one year low of C$5.42 and a one year high of C$9.48. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29.

Insider Activity

In other Sandstorm Gold news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total value of C$403,000.00. Corporate insiders own 1.20% of the company’s stock.

About Sandstorm Gold

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.