Sandstorm Gold (SSL) Receives a Buy from Canaccord Genuity
Shares of Sandstorm Gold (SSL) were revisited by a Wall Street analyst today. Analyst Carey MacRury from Canaccord Genuity reiterated a Buy rating, with a C$9.25 price target.
According to TipRanks.com, MacRury ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.9% and a 32.7% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sandstorm Gold with a C$8.13 average price target.
Sandstorm Gold’s market cap is currently C$1.07B and has a P/E ratio of 276.3. The company has a Price to Book ratio of 1.45.
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 Monday at C$6.05.