Sandstorm Gold Ltd (SAND) shares plummeted 5.56% in the pre-market trading session on Wednesday. The drop came after H.C. Wainwright lowered its price target on the stock.
H.C. Wainwright cut the firm's price target on Sandstorm Gold to $11.50 from $12, while maintaining a Buy rating on the shares. The price target reduction followed Sandstorm Gold's Q4 results release.
Despite the price target cut, H.C. Wainwright remains optimistic about Sandstorm Gold's prospects, reflected in the maintained Buy rating. However, investors reacted negatively to the price target revision, leading to the pre-market sell-off.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。