Raymond James Has Lowered Expectations for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its target price dropped by analysts at Raymond James from C$8.50 to C$8.25 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential downside of 5.50% from the stock’s previous close.

Separately, CIBC raised their target price on shares of Sandstorm Gold from C$9.50 to C$10.00 in a report on Friday, November 8th.

Sandstorm Gold Price Performance

TSE:SSL traded up C$0.22 during trading hours on Thursday, reaching C$8.73. 345,972 shares of the company’s stock were exchanged, compared to its average volume of 380,523. The company has a market capitalization of C$1.83 billion, a P/E ratio of 58.09, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a 12 month low of C$5.42 and a 12 month high of C$9.48. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44. The business’s 50-day simple moving average is C$8.34 and its two-hundred day simple moving average is C$8.09.

Insider Buying and Selling

In related news, Director David Awram sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total transaction of C$403,000.00. 1.20% of the stock is currently owned by corporate insiders.

Sandstorm Gold Company Profile

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.