5 Most Promising Gold Stocks According to Analysts

3. Sandstorm Gold Ltd. (NYSE:SAND)

Average Analyst Price Target Upside: 43.83%

Average Analyst Price Target: $6.99

Sandstorm Gold Ltd. (NYSE:SAND) is a Canada-based company that acquires gold and other precious metal purchase agreements and royalties from other companies.

On November 6, Sandstorm Gold Ltd. (NYSE:SAND) Q3 revenue jumped 5.9% YoY to $41.3 million. In the coming five years, it is expected that the company’s production will be nearly 125,000 attributable gold-equivalent ounces.

12 hedge funds held a stake in Sandstorm Gold Ltd. (NYSE:SAND)’s stock in the third quarter, according to Insider Monkey’s database. Murray Stahl’s Horizon Asset Management owned 5.48 million company shares worth $25.5 million, making it the biggest investor in the company in the quarter.

On December 13, Raymond James lowered the price target on Sandstorm Gold Ltd. (NYSE:SAND)’s stock to $7.75 from $8 and kept an Outperform rating. The firm mentioned the company’s forecasted attributable gold equivalent ounces for the next five years and its commitment to debt repayment.

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