Analyst Explains Why They Upgraded Their Rating on Sandstorm Gold (SAND)

By Austin Angelo

CIBC analyst Cosmos Chiu upgraded Sandstorm Gold (SANDResearch Report) to Buy yesterday and set a price target of C$11.25. The company’s shares closed last Monday at $6.35.

According to TipRanks.com, Chiu is a 5-star analyst with an average return of 11.1% and a 50.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Detour Gold Corporation, and Kirkland Lake Gold Ltd.

Currently, the analyst consensus on Sandstorm Gold is a Strong Buy with an average price target of $7.22.

See today’s analyst top recommended stocks >>

The company has a one-year high of $7.02 and a one-year low of $3.48. Currently, Sandstorm Gold has an average volume of 1.76M.

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 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.