CIBC Reiterates a Hold Rating on Sandstorm Gold

By Jason Carr

Wall Street analyst has provided a review for the Financial company on June 21, but retained the same rating on the stock. On June 21, analyst Cosmos Chiu gave a Hold rating to SSL and set a C$5.50 price target.

According to TipRanks.com, Chiu is a 4-star analyst with an average return of 4.8% and a 48.3% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Lake Shore Gold Corp, and Nevsun Resources Ltd.

Sandstorm Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$7.88.

Sandstorm Gold’s market cap is currently C$722M and has a P/E ratio of 25.6.

Sandstorm Gold Ltd. is a resource based company, which focuses on acquiring gold and other precious metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. It provides upfront financing to gold mining companies that are looking for capital and in return, receives a gold streaming agreement. The company was founded by Nolan Watson and David I. Awram on March 23, 2007 and is headquartered in Vancouver, Canada.,009B2L-E

The company’s shares closed last Friday at $4.84, close to its 52-week low of $4.29.