In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, Sandstorm Gold (SSL – Research Report). The company received a Hold today from CIBC’s analyst Cosmos Chiu, with a C$8.50 price target.
According to TipRanks.com, Chiu is a 5-star analyst with an average return of 13.2% and a 54.7% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Kirkland Lake Gold Ltd, and Hecla Mining Company.
Sandstorm Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$9.
Based on Sandstorm Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$3.32 million. In comparison, last year the company had a net profit of C$849.6K.
Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream.
The company’s shares closed on Monday at C$7.42, close to its 52-week high of C$7.84.