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Fly News Breaks for July 11, 2016
SAND
Jul 11, 2016 | 07:37 EDT
TD Securities resumed coverage on Sandstorm Gold with a Buy rating from a Hold rating following a period of restriction after the close of a bought deal equity financing. During the restriction, the firm increased its gold price forecast and said the net proceeds of the offering will go towards reducing the balance of its revolving credit facility and for the acquisition of gold and other precious metals streams.
News For SAND From the Last 2 Days
SAND
Apr 18, 2024 | 09:29 EDT
Scotiabank lowered the firm's price target on Sandstorm Gold to $6.25 from $6.50 and keeps a Sector Perform rating on the shares. The Gold & Precious Minerals sector will soon be reporting Q1 results, which the firm notes it does not expect margins to increase quarter-over-quarter or year-over-year based on the average quarterly prices, the analyst tells investors. The firm is expecting Q1 to be the weakest quarter in FY24 for the sector.
