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Sandstorm Gold Ltd (NASDAQ:SAND) has been downgraded to Neutral in a statement by CIBC earlier today.

CIBC has downgraded Sandstorm Gold Ltd (NASDAQ:SAND) to Neutral in a statement released on Wednesday June 21, 2017.

Boasting a price of $3.63, Sandstorm Gold Ltd (NASDAQ:SAND) traded 1.26% higher on the day. With the last stock price close down 19.25% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Sandstorm Gold Ltd has recorded a 50-day average of $4.39 and a two hundred day average of $4.06. Volume of trade was down over the average, with 1,025,840 shares of SAND changing hands under the typical 1,880,560

Performance Chart

Sandstorm Gold Ltd (NASDAQ:SAND)

With a total market value of $0, Sandstorm Gold Ltd has price-earnings ratio of 63.68 with a one year low of $3.18 and a one year high of $6.49 .

A total of 2 equity analysts have released a research note on SAND. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $3.80.

Brief Synopsis About Sandstorm Gold Ltd (NASDAQ:SAND)

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate. The Company has acquired a portfolio of approximately 140 streams and royalties, of which approximately 20 of the underlying mines are producing. The Company's projects include Yamana Silver Stream; Cerro Moro, which is located approximately 70 kilometers southwest of the coastal port city of Puerto Deseado; Chapada Mine, which is located 270 kilometers northwest of Brasilia in Goias state, Brazil; Black Fox Mine; Santa Elena Mine; Bachelor Lake Mine; Karma Mine; Ming Mine, Bracemac-McLeod Mine and Aurizona Mine.

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