The Globe and Mail reports in its Tuesday, Sept. 26, edition that National Bank Financial analyst Shane Nagle has reaffirmed his "outperform" recommendation for Sandstorm Gold. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle cut his share target back by 50 cents to $9. Analysts on average target the shares at $10.18. Mr. Nagle says in a note: "[Sandstorm] is focused on reducing debt after adding growth and diversifying revenue from the acquisitions of Nomad and BaseCore. Sandstorm continues to trade at a discounted 1.09 times NAV, compared to junior royalty and streaming peers (TFPM and OR) at 1.18 times. While the company will have to digest recent acquisitions, deleveraging can occur quickly in the current price environment and the more diversified and expanded portfolio warrants a rerating towards larger-cap peers." The Globe reported on April 18, 2023, that CIBC rated Sandstorm Gold "outperformer." It was then worth $7.88. The Globe reported on July 21 that Mr. Nagle reiterated his "outperform" recommendation and $9.50 share target. Mr. Nagle said Sandstorm was his top pick in the Royalty space given the company's growth outlook." Sandstorm shares could then be had for $7.22.