Sandstorm Gold (TSE:SSL) Stock Price Down 2.1% – Here’s Why

Sandstorm Gold Ltd. (TSE:SSL) shares traded down 2.1% on Thursday . The stock traded as low as C$15.00 and last traded at C$16.15. 842,727 shares were traded during trading, an increase of 16% from the average session volume of 726,460 shares. The stock had previously closed at C$16.50.

Wall Street Analyst Weigh In

Separately, CIBC upped their price objective on Sandstorm Gold from C$16.50 to C$21.50 in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$15.75.

Sandstorm Gold Trading Down 2.1%

The firm has a market capitalization of C$4.73 billion, a PE ratio of 134.58, a PEG ratio of 0.90 and a beta of 0.70. The company’s 50-day moving average price is C$16.15 and its 200-day moving average price is C$15.85. The company has a debt-to-equity ratio of 26.44, a quick ratio of 1.17 and a current ratio of 2.29.

About Sandstorm Gold

Sandstorm Gold Ltd provides financing to companies engaged in gold mining through gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm’s royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.