RBC Capital analyst Josh Wolfson maintained a Buy rating on Sandstorm Gold (SAND – Research Report) on April 19 and set a price target of $5.50. The company’s shares closed yesterday at $5.26.
According to TipRanks, Wolfson is a 4-star analyst with an average return of 4.3% and a 62.33% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Franco-Nevada, and Gold Fields.
In addition to RBC Capital, Sandstorm Gold also received a Buy from Canaccord Genuity’s Carey MacRury in a report issued on April 11. However, on April 18, Scotiabank maintained a Hold rating on Sandstorm Gold (NYSE: SAND).
SAND market cap is currently $1.65B and has a P/E ratio of 39.34.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SAND in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sandstorm Gold (SAND) Company Description:
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.
Read More on SAND:
- Sandstorm Gold price target lowered to $6.25 from $6.50 at Scotiabank
- Sandstorm Gold price target raised to C$9 from C$8 at CIBC
- Sandstorm Gold Reports Q1 Sales Decline
- Sandstorm Gold Reports Q1 Revenue Dip
- Sandstorm Gold Royalties Announces 2024 First Quarter Sales and Revenue; Financial Results to be Released May 2
