Sandstorm Gold Ltd (NASDAQ:SAND) has been upgraded to Buy in a statement by Canaccord Genuity earlier today.
- Updated: October 3, 2016
Boasting a price of $4.98, Sandstorm Gold Ltd (NASDAQ:SAND) traded -0.60% lower on the day. With the last close up 6.78% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. SAND has recorded a 50-day moving average of $5.80 and a 200-day moving average of $4.68. 1,495,854 shares of the stock were exchanged, down from an average trading volume of 2,342,280
Canaccord Genuity has upgraded Sandstorm Gold Ltd (NASDAQ:SAND) to Buy in a statement released on 10/03/2016.
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Sandstorm Gold Ltd has a 52 week low of $1.94 and a 52 week high of $6.75 SAND’s total market value is presently $0.
A total of 2 equity analysts have released a research note on SAND. zero brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $3.80.
General Company Details For 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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