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

Sandstorm Gold (TSE:SSL) had its target price dropped by analysts at CIBC from C$10.00 to C$9.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective would suggest a potential upside of 11.50% from the company’s current price.

Separately, Raymond James decreased their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating for the company in a report on Thursday.

Sandstorm Gold Price Performance

Shares of SSL opened at C$8.52 on Thursday. Sandstorm Gold has a 52 week low of C$5.42 and a 52 week high of C$9.48. 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 firm has a market cap of C$1.79 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 0.90 and a beta of 1.11. The stock has a 50 day moving average of C$8.36 and a 200-day moving average of C$8.10.

Insider Buying and Selling

In related news, Director David Awram sold 50,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total value of C$403,000.00. Company 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.