Sandstorm Gold (TSE:SSL – Get Free Report) had its price target increased by equities research analysts at National Bankshares from C$8.50 to C$8.75 in a research report issued on Monday, BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 13.20% from the company’s previous close.
Several other research firms have also recently weighed in on SSL. Canaccord Genuity Group boosted their price target on Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd. CIBC boosted their price target on Sandstorm Gold from C$8.00 to C$9.00 in a research note on Monday, April 15th. Finally, TD Securities reduced their price objective on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th.
Read Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Stock Up 3.9 %
Sandstorm Gold (TSE:SSL – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.08. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. The business had revenue of C$60.59 million for the quarter, compared to the consensus estimate of C$62.51 million. As a group, sell-side analysts anticipate that Sandstorm Gold will post 0.1195739 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Nolan Allan Watson purchased 27,200 shares of Sandstorm Gold stock in a transaction on Monday, April 15th. The stock was acquired at an average price of C$7.33 per share, for a total transaction of C$199,376.00. Company insiders own 1.23% 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.
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