Raymond James Has Lowered Expectations for Sandstorm Gold (TSE:SSL) Stock Price

Sandstorm Gold (TSE:SSL) had its target price dropped by research analysts at Raymond James from C$8.50 to C$8.25 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 5.50% from the company’s previous close.

Separately, CIBC lifted their price target on shares of Sandstorm Gold from C$9.50 to C$10.00 in a research note on Friday, November 8th.

Sandstorm Gold Trading Up 2.6 %

Shares of SSL stock traded up C$0.22 during mid-day trading on Thursday, reaching C$8.73. The company’s stock had a trading volume of 345,972 shares, compared to its average volume of 380,523. Sandstorm Gold has a 12-month low of C$5.42 and a 12-month high of C$9.48. The firm has a market capitalization of C$1.83 billion, a PE ratio of 58.09, a price-to-earnings-growth 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. The company’s 50 day simple moving average is C$8.34 and its 200-day simple moving average is C$8.09.

Insiders Place Their Bets

In other news, Director David Awram sold 50,000 shares of Sandstorm Gold stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$8.06, for a total value of C$403,000.00. 1.20% of the stock is owned by company insiders.

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.