CIBC Maintains Neutral on Sandstorm Gold, Raises Price Target to C$9
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Cosmos Chiu has maintained a Neutral rating on Sandstorm Gold (TSX:SSL), also known as SAND in the US market, and raised the price target from C$8 to C$9.

April 15, 2024 | 5:55 pm
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CIBC analyst Cosmos Chiu maintains a Neutral rating on Sandstorm Gold and raises the price target from C$8 to C$9.
The increase in the price target by CIBC reflects a positive outlook on Sandstorm Gold's valuation, potentially leading to increased investor interest and a positive short-term price movement. However, the Neutral rating suggests that the analyst sees limited upside beyond the new target, tempering expectations for significant short-term gains.
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