Reported 29 days ago
H.C. Wainwright has reiterated its 'Buy' rating for Sandstorm Gold Ltd. (NYSE:SAND) with a price target of $11.75, influenced by the company's recent $3.5 billion acquisition agreement with Royal Gold (NASDAQ:RGLD). The deal, which allows Sandstorm shareholders to exchange shares for Royal Gold stock, is expected to enhance both companies' cash flow and net asset value, giving Sandstorm a promising outlook as part of a gold rally.
Source: YAHOO