Sandstorm Gold (TSE:SSL) Price Target Raised to C$10.00 at CIBC

Sandstorm Gold (TSE:SSL - Get Free Report) had its price target increased by investment analysts at CIBC from C$9.50 to C$10.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 24.84% from the company's previous close.

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

Sandstorm Gold Trading Down 8.7 %

Shares of SSL stock traded down C$0.76 on Friday, hitting C$8.01. The stock had a trading volume of 1,400,500 shares, compared to its average volume of 327,554. The company's 50 day moving average price is C$8.18 and its 200-day moving average price is C$7.82. Sandstorm Gold has a 1 year low of C$5.36 and a 1 year high of C$8.98. 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 firm has a market capitalization of C$2.38 billion, a P/E ratio of 57.21, a P/E/G ratio of 0.90 and a beta of 1.11.

Sandstorm Gold (TSE:SSL - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.05 by C($0.02). Sandstorm Gold had a return on equity of 2.15% and a net margin of 17.55%. The business had revenue of C$60.98 million for the quarter, compared to analysts' expectations of C$61.69 million. Analysts anticipate that Sandstorm Gold will post 0.230835 earnings per share for the current year.

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.