Raymond James lowered the firm’s price target on Sandstorm Gold (SAND) to $8.25 from $8.50 and keeps an Outperform rating on the shares following the Q4 results. 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. Sandstorm has a flexible balance sheet, as well as royalty/streaming portfolio growth, the firm adds.
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