CIBC Boosts Sandstorm Gold (TSE:SSL) Price Target to C$11.25

Sandstorm Gold (TSE:SSL) had its price target boosted by analysts at CIBC from C$9.50 to C$11.25 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price indicates a potential downside of 4.26% from the stock’s current price.

Other analysts have also issued reports about the company. Canaccord Genuity Group lifted their price target on Sandstorm Gold from C$12.25 to C$12.75 and gave the stock a “buy” rating in a report on Wednesday, April 9th. Raymond James cut their price target 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 Price Performance

SSL opened at C$11.75 on Thursday. Sandstorm Gold has a fifty-two week low of C$6.93 and a fifty-two week high of C$12.09. The company has a debt-to-equity ratio of 26.44, a current ratio of 2.29 and a quick ratio of 1.17. The company’s 50-day moving average is C$9.77 and its 200 day moving average is C$8.73. The firm has a market capitalization of C$2.46 billion, a P/E ratio of 78.18, a PEG ratio of 0.90 and a beta of 1.11.

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.