▲ +46.75% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Sandstorm Gold in the last 3 months. The average price target is $12.65, with a high forecast of $15.50 and a low forecast of $8.00. The average price target represents a 46.75% upside from the last price of $8.62.
The current consensus among 9 polled investment analysts is to buy stock in Sandstorm Gold. This rating has held steady since June 2020, when it changed from a Hold consensus rating.
Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price. It has a portfolio of 201 streams and royalties. The company has operations in Canada, Mexico, the United States, Mongolia, Burkina Faso, Ecuador, South Africa, Ghana, Botswana, Cote D'Ivoire, Argentina, Brazil, Chile, Peru, Paraguay, Egypt, Ethiopia, Guyana, French Guiana, Turkey, Sweden, and Australia. The company was formerly known as Sandstorm Resources Ltd. and changed its name to Sandstorm Gold Ltd. in February 2011. Sandstorm Gold Ltd. was incorporated in 2007 and is headquartered in Vancouver, Canada.