Sandstorm Gold Ltd (TSE:SSL)’s share price was up 1.1% during trading on Thursday . The company traded as high as C$6.35 and last traded at C$6.25. Approximately 429,589 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 355,397 shares. The stock had previously closed at C$6.32.
A number of equities analysts have commented on SSL shares. CIBC boosted their price target on shares of Sandstorm Gold from C$5.75 to C$6.25 in a research note on Wednesday, December 20th. National Bank Financial reissued an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, October 17th. Finally, Canaccord Genuity boosted their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$7.38.
The firm has a market capitalization of $1,200.00, a P/E ratio of 89.29 and a beta of -0.93.
In other news, Director David Awram purchased 23,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was bought at an average cost of C$5.49 per share, for a total transaction of C$126,270.00.
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Sandstorm Gold Company Profile
Sandstorm Gold Ltd., a resource-based company, focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty in return, it receives the right to purchase a percentage of a mines production for the life of the mine at a fixed or variable price per unit.
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