Canaccord Genuity Group Boosts Sandstorm Gold (TSE:SSL) Price Target to C$12.75

Sandstorm Gold (TSE:SSL) had its price target lifted by Canaccord Genuity Group from C$12.25 to C$12.75 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 19.94% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. CIBC dropped their price target on Sandstorm Gold from C$10.00 to C$9.50 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Raymond James dropped their target price on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a report on Thursday, February 20th.

Sandstorm Gold Stock Up 4.2 %

Shares of Sandstorm Gold stock opened at C$10.63 on Wednesday. The business has a 50-day moving average price of C$9.52 and a 200 day moving average price of C$8.63. Sandstorm Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$11.07. The firm has a market cap of C$2.23 billion, a P/E ratio of 70.73, a P/E/G ratio of 0.90 and a beta of 1.11. The company has a quick ratio of 1.17, a current ratio of 2.29 and a debt-to-equity ratio of 26.44.

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.