Sandstorm Gold resumed with a Sector Perform at Scotiabank

Scotiabank analyst Tanya Jakusconek resumed coverage of Sandstorm Gold with a Sector Perform rating and $6.50 price target. While arguing that Sandstorm provides exposure to a diversified, gold-focused, North American portfolio with a growing cash and production profile, the firm contends that the company needs to de-risk the development assets as they progress into production, decrease debt and reduce the complexity of its portfolio.