Sandstorm Gold Ltd (NYSEAMERICAN:SAND) shares gapped up before the market opened on Friday . The stock had previously closed at $4.78, but opened at $4.99. Sandstorm Gold shares last traded at $5.28, with a volume of 3115400 shares changing hands.
A number of brokerages have recently issued reports on SAND. Scotiabank upped their price target on Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, December 21st. ValuEngine raised Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub downgraded Sandstorm Gold from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Zacks Investment Research raised Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Saturday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Sandstorm Gold presently has a consensus rating of “Hold” and an average target price of $6.00.
The company has a market capitalization of $974.24, a price-to-earnings ratio of 87.33 and a beta of -0.58.
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Sandstorm Gold Company Profile
Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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