Stifel analyst Ingrid Rico downgraded Sandstorm Gold (SAND) to Hold from Buy with a price target of C$13.25, up from C$13, as part of a Q2 preview for the Canadian precious metals. The firm cites the recent takeover announcement for the downgrade. The analyst expects the acquisition by Royal Gold to succeed.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAND:
- Sandstorm Gold Royalties Achieves Record Revenue in Q2 2025
- Sandstorm Gold downgraded to Sell from Buy at TD Securities
- Strategic Acquisition by Royal Gold Boosts Sandstorm Gold’s Buy Rating Amid Rising Precious Metal Prices
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- M&A News: Royal Gold (RGLD) Acquires Canada’s Sandstorm For $3.50 Billion