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Sandstorm Gold price target raised to $9.75 from $9.50 at Raymond James

Raymond James analyst Brian MacArthur raised the firm’s price target on Sandstorm Gold (SAND) to $9.75 from $9.50 and keeps an Outperform rating on the shares. Sandstorm offers exposure to precious metals prices, while mitigating downside risk, given limited exposure to operating and capital costs, the analyst tells investors in a research note.

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