Shares of Sandstorm Gold Ltd (TSE:SSL) dropped 1.6% on Thursday . The company traded as low as C$6.50 and last traded at C$6.53. Approximately 326,068 shares were traded during trading, a decline of 18% from the average daily volume of 397,450 shares. The stock had previously closed at C$6.43.
SSL has been the subject of a number of recent research reports. Canaccord Genuity decreased their price target on shares of Sandstorm Gold from C$10.00 to C$9.50 in a research note on Friday, September 29th. National Bank Financial reiterated an “outperform” rating on shares of Sandstorm Gold in a research note on Tuesday, October 17th. Finally, CIBC increased their price target on shares of Sandstorm Gold from C$5.50 to C$5.75 in a research note on Thursday, December 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sandstorm Gold currently has a consensus rating of “Buy” and an average target price of C$7.38.
The stock has a market capitalization of $1,140.00, a P/E ratio of 89.71 and a beta of -0.92.
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About Sandstorm Gold
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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