Sandstorm Gold (TSE:SSL – Get Free Report) had its price objective raised by equities researchers at National Bankshares from C$8.50 to C$8.75 in a research report issued to clients and investors on Monday, BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 13.34% from the stock’s current price.
Several other research firms also recently commented on SSL. CIBC increased their price objective on Sandstorm Gold from C$8.00 to C$9.00 in a report on Monday, April 15th. TD Securities decreased their price objective on shares of 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. Finally, Canaccord Genuity Group raised their target price on shares of Sandstorm Gold from C$10.00 to C$10.50 in a research note on Tuesday, April 23rd.
Check Out Our Latest Report on SSL
Sandstorm Gold Stock Up 0.4 %
Sandstorm Gold (TSE:SSL – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Research analysts anticipate that Sandstorm Gold will post 0.1195739 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Nolan Allan Watson acquired 7,800 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of C$6.39 per share, for a total transaction of C$49,826.40. 1.23% 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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