Sandstorm Gold Ltd (SAND) Receives Average Rating of “Buy” from Analysts
Shares of Sandstorm Gold Ltd (NASDAQ:SAND) have earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $6.00.
A number of research firms have issued reports on SAND. Zacks Investment Research downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Scotiabank set a $6.00 target price on Sandstorm Gold and gave the stock an “outperform” rating in a research report on Friday, June 16th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $6.00 target price on shares of Sandstorm Gold in a research report on Friday, July 14th. CIBC downgraded Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada raised Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 10th.
A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Sandstorm Gold by 491.7% in the first quarter. Tower Research Capital LLC TRC now owns 23,077 shares of the company’s stock worth $132,000 after buying an additional 19,177 shares in the last quarter. HighTower Advisors LLC increased its stake in Sandstorm Gold by 3.7% in the first quarter. HighTower Advisors LLC now owns 28,130 shares of the company’s stock worth $123,000 after buying an additional 1,000 shares in the last quarter. First Manhattan Co. purchased a new stake in Sandstorm Gold during the second quarter worth about $116,000. UBS Group AG increased its stake in Sandstorm Gold by 83.3% in the first quarter. UBS Group AG now owns 32,080 shares of the company’s stock worth $137,000 after buying an additional 14,580 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Sandstorm Gold during the second quarter worth about $125,000.
Shares of Sandstorm Gold (SAND) traded down 1.49% during trading on Wednesday, hitting $4.62. The stock had a trading volume of 1,189,492 shares. The company has a market capitalization of $852.45 million and a price-to-earnings ratio of 60.79. The firm has a 50 day moving average of $4.20 and a 200 day moving average of $4.07. Sandstorm Gold has a 1-year low of $3.18 and a 1-year high of $6.64.
Sandstorm Gold (NASDAQ:SAND) last released its earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. The firm had revenue of $16.07 million during the quarter, compared to analysts’ expectations of $18 million. Analysts expect that Sandstorm Gold will post $0.05 EPS for the current fiscal year.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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