Sandstorm Gold (SAND) received a Buy rating and a $14.00 price target from H.C. Wainwright analyst Heiko Ihle today. The company’s shares closed last Thursday at $8.46.
According to TipRanks.com, Ihle is a top 100 analyst with an average return of 22.5% and a 56.3% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sandstorm Gold with a $11.23 average price target, representing a 39.2% upside. In a report issued on September 16, CIBC also maintained a Buy rating on the stock with a C$16.75 price target.
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The company has a one-year high of $10.63 and a one-year low of $3.32. Currently, Sandstorm Gold has an average volume of 1.91M.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SAND in relation to earlier this year.
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Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream. The company was founded by Nolan Watson and David I. Awram in 2008 and is headquartered in Vancouver, Canada.
