Sandstorm Gold (TSE:SSL) had its price objective increased by investment analysts at Raymond James from C$6.25 to C$6.75 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential downside of 19.74% from the company’s previous close. Raymond James also issued estimates for Sandstorm Gold’s Q3 2020 earnings at $0.04 EPS, Q4 2020 earnings at $0.04 EPS and FY2020 earnings at $0.11 EPS.

A number of other analysts have also commented on SSL. CIBC boosted their price objective on shares of Sandstorm Gold from C$8.50 to C$9.25 in a research report on Wednesday. Canaccord Genuity boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th. TD Securities boosted their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, National Bank Financial boosted their price objective on shares of Sandstorm Gold from C$9.25 to C$10.50 and gave the stock an “outperform” rating in a research report on Tuesday.

Shares of SSL stock traded up C$0.03 during trading on Wednesday, reaching C$8.41. The company’s stock had a trading volume of 351,415 shares, compared to its average volume of 543,141. The firm’s fifty day moving average is C$7.97. The company has a current ratio of 5.54, a quick ratio of 4.86 and a debt-to-equity ratio of 8.34. The stock has a market capitalization of $1.54 billion and a P/E ratio of 220.53. Sandstorm Gold has a one year low of C$4.60 and a one year high of C$9.21.

In related news, Director David E. De Witt sold 10,000 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$7.45, for a total transaction of C$74,500.00. Following the transaction, the director now directly owns 915,585 shares in the company, valued at C$6,821,108.25. Also, Director Nolan Allan Watson sold 373,500 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$7.00, for a total transaction of C$2,614,500.00. Following the transaction, the director now owns 707,790 shares in the company, valued at C$4,954,530.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold 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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