Sandstorm Gold Ltd (NASDAQ:SAND) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Sandstorm Gold Ltd (NASDAQ:SAND) to Sell in a report released on 10/06/2016.
Yesterday Sandstorm Gold Ltd (NASDAQ:SAND) traded 1.58% higher at $4.55. The company’s 50-day moving average is $5.53 and its 200-day moving average is $4.73. The last stock close price is down -4.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,967,102 shares of the stock were exchanged, down from an average trading volume of 2,369,910
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Sandstorm Gold Ltd has a 52 week low of $1.94 and a 52 week high of $6.75 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $3.80 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Sandstorm Gold Ltd (NASDAQ:SAND)
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate. It has over 131 Gold Streams and net smelter returns royalties (NSRs), of which 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 over 270 kilometers northwest of Brasilia in Goias state, Brazil; Diavik Mine; Black Fox Mine; Santa Elena Mine; Bachelor Lake Mine; Karma Mine; Bracemac-McLeod Mine; Ming Mine, and Aurizona Mine.
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