Q3 2021 EPS Estimates for Sandstorm Gold Ltd. Cut by Analyst (NYSE:SAND)


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Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Raymond James lowered their Q3 2021 earnings per share (EPS) estimates for Sandstorm Gold in a research note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.05. Raymond James currently has a “Market Perform” rating and a $9.50 price target on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q4 2021 earnings at $0.04 EPS.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, February 11th. The company reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $29.70 million for the quarter. Sandstorm Gold had a net margin of 11.03% and a return on equity of 3.06%.

Several other research firms have also weighed in on SAND. National Bank Financial reaffirmed an “outperform” rating on shares of Sandstorm Gold in a report on Friday, February 12th. CIBC dropped their price target on Sandstorm Gold from $16.75 to $13.50 and set an “outperform” rating for the company in a report on Monday, February 8th. Roth Capital initiated coverage on Sandstorm Gold in a research note on Wednesday, December 16th. They issued a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Saturday, February 13th. Finally, HC Wainwright reiterated a “buy” rating on shares of Sandstorm Gold in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.04.

NYSE:SAND opened at $7.19 on Thursday. The firm has a market cap of $1.40 billion, a PE ratio of 179.79 and a beta of 1.05. Sandstorm Gold has a 12 month low of $5.57 and a 12 month high of $10.63. The company’s 50-day moving average price is $6.70 and its two-hundred day moving average price is $7.05.

A number of hedge funds and other institutional investors have recently made changes to their positions in SAND. Capital Asset Advisory Services LLC bought a new position in Sandstorm Gold in the fourth quarter valued at approximately $25,000. Eudaimonia Partners LLC bought a new position in Sandstorm Gold during the fourth quarter worth about $29,000. Glenmede Trust Co. NA acquired a new position in Sandstorm Gold in the fourth quarter valued at about $71,000. Comerica Bank acquired a new stake in Sandstorm Gold during the 4th quarter worth approximately $69,000. Finally, Venture Visionary Partners LLC bought a new position in Sandstorm Gold in the fourth quarter valued at approximately $86,000. Institutional investors and hedge funds own 39.01% of the company’s stock.

About Sandstorm Gold

Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.

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Earnings History and Estimates for Sandstorm Gold (NYSE:SAND)

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