Sandstorm Gold (TSE:SSL – Get Free Report) had its target price upped by analysts at CIBC from C$8.00 to C$9.00 in a research report issued on Monday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 24.14% from the stock’s current price.
Separately, TD Securities cut their target price on Sandstorm Gold from C$8.00 to C$7.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th.
Check Out Our Latest Stock Analysis on Sandstorm Gold
Sandstorm Gold Stock Performance
Sandstorm Gold (TSE:SSL – Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported C$0.11 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.08. The firm had revenue of C$60.59 million for the quarter, compared to analysts’ expectations of C$62.51 million. Sandstorm Gold had a return on equity of 2.95% and a net margin of 23.22%. Sell-side analysts expect that Sandstorm Gold will post 0.0946201 EPS for the current fiscal year.
Insider Buying and Selling at Sandstorm Gold
In other Sandstorm Gold news, Director Nolan Allan Watson acquired 7,800 shares of Sandstorm Gold stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. 1.22% of the stock is currently owned by insiders.
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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