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Sandstorm Gold (SSL) Gets a Buy Rating from Canaccord Genuity


Sandstorm Gold (TSX: SSL), the Financial sector company, was revisited by a Wall Street analyst on October 18. Analyst Carey MacRury from Canaccord Genuity remains bullish on the stock and has a C$9 price target.

According to TipRanks.com, MacRury is ranked 0 out of 5 stars with an average return of -12.6% and a 17.8% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.

Sandstorm Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$9.

The company has a one-year high of C$6.95 and a one-year low of C$4.62. Currently, Sandstorm Gold has an average volume of 360.4K.

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream.

The company’s shares closed on Friday at C$5.40.