Stifel Nicolaus Forecasts Strong Price Appreciation for Sandstorm Gold (TSE:SSL) Stock

Sandstorm Gold (TSE:SSL) had its price target lifted by research analysts at Stifel Nicolaus from C$11.00 to C$13.00 in a research note issued on Monday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 12.95% from the stock’s previous close.

SSL has been the topic of a number of other reports. CIBC increased their target price on shares of Sandstorm Gold from C$9.50 to C$11.25 in a report on Thursday, April 17th. Raymond James dropped their price objective on shares of Sandstorm Gold from C$8.50 to C$8.25 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Canaccord Genuity Group upped their target price on Sandstorm Gold from C$12.25 to C$12.75 and gave the company a “buy” rating in a report on Wednesday, April 9th.

Sandstorm Gold Price Performance

Shares of TSE SSL opened at C$11.51 on Monday. The company has a current ratio of 2.29, a quick ratio of 1.17 and a debt-to-equity ratio of 26.44. The company has a market capitalization of C$2.41 billion, a price-to-earnings ratio of 76.59, a price-to-earnings-growth ratio of 0.90 and a beta of 1.11. Sandstorm Gold has a twelve month low of C$6.93 and a twelve month high of C$12.16. The business has a 50 day simple moving average of C$9.90 and a 200-day simple moving average of C$8.80.

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.