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.
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