In a report released today, Rene Cartier from BMO Capital maintained a Buy rating on Sandstorm Gold (SAND – Research Report), with a price target of C$8.00. The company’s shares opened today at $5.80.
Cartier covers the Basic Materials sector, focusing on stocks such as Taseko Mines, Capstone Copper, and Sandstorm Gold. According to TipRanks, Cartier has an average return of 22.7% and a 53.61% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sandstorm Gold with a $8.47 average price target.
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The company has a one-year high of $9.11 and a one-year low of $4.50. Currently, Sandstorm Gold has an average volume of 2.37M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock.
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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.
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