TD Securities lowers target price of Sandstorm Gold (TSE: SSL) to C$9.50

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Golden sandstorm (IS: SSLGet a rating) had its price target reduced by TD Securities analysts from C$10.00 to C$9.50 in a research report released Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would point to a potential upside of 35.71% from the stock’s previous close.

Other stock analysts have also published research reports on the company. National Bankshares raised its price target on Sandstorm Gold from CA$10.50 to CA$11.50 in a Thursday, October 13 research note. National Bank Financial reaffirmed an “outperformance specifications overweight” rating on Sandstorm Gold shares in a Monday, Aug. 15 research note. Canaccord Genuity Group lowered its price target on Sandstorm Gold shares from C$13.50 to C$11.50 in a Thursday, October 20 research report. CIBC lowered its price target on Sandstorm Gold shares from C$13.50 to C$12.50 and set an “outperform” rating for the stock in a report released Friday, August 12. Finally, Stifel Nicolaus lowered his price target on Sandstorm Gold shares from CA$13.50 to CA$13.25 in a Wednesday, October 19 report. Two equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$11.09.

Sandstorm Gold trades down 1.8%

Shares of SSL action traded at C$0.13 on Wednesday, reaching C$7.00. 571,534 shares of the stock were traded at an average volume of 342,235. Sandstorm Gold has a 12-month low of C$6.29 and a 12-month high of C$11.61. The stock has a market capitalization of C$2.09 billion and a PE ratio of 16.30. The company’s 50-day moving average price is C$7.22 and its two-hundred-day moving average price is C$7.75. The company has a debt ratio of 0.37, a quick ratio of 2.45 and a current ratio of 2.49.

Golden sandstorm (IS: SSLGet a rating) last reported results on Thursday, August 11. The company reported earnings per share of C$0.08 for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$45.91 million in the quarter. As a group, analysts expect Sandstorm Gold to post EPS of 0.17 for the current year.

Insider activity

In related news, director Andrew Swarthout sold 15,000 shares of the company in a trade that took place on Wednesday, September 14. The shares were sold at an average price of CA$8.41, for a total transaction of CA$126,142.65. Following the sale, the administrator now directly owns 43,667 shares of the company, valued at C$367,218.07.

About Sandstorm Gold

(Get a rating)

Sandstorm Gold Ltd. operates as a gold royalty company. The Company is focused on acquiring royalties and contracts to purchase gold and other metals (streams) from companies that have late-stage development projects or operating mines. It offers upfront payments to companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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