Q4 2017 Earnings Estimate for Sandstorm Gold Ltd (NYSEAMERICAN:SAND) Issued By Cormark

Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Analysts at Cormark boosted their Q4 2017 earnings estimates for Sandstorm Gold in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the mining company will earn $0.02 per share for the quarter, up from their previous forecast of $0.01. Cormark also issued estimates for Sandstorm Gold’s FY2018 earnings at $0.08 EPS.

SAND has been the topic of several other research reports. BidaskClub lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Saturday, October 21st. Scotiabank lifted their target price on Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, December 21st. Finally, ValuEngine upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Sandstorm Gold (SAND) traded up $0.11 on Friday, reaching $5.17. The company’s stock had a trading volume of 1,540,000 shares, compared to its average volume of 1,410,000. Sandstorm Gold has a 52 week low of $3.18 and a 52 week high of $5.38. The stock has a market capitalization of $933.64, a price-to-earnings ratio of 86.17 and a beta of -0.58.

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC grew its stake in shares of Sandstorm Gold by 110.0% during the third quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock worth $113,000 after acquiring an additional 22,616 shares during the last quarter. Tiemann Investment Advisors LLC purchased a new stake in shares of Sandstorm Gold during the third quarter worth about $203,000. Finally, Jane Street Group LLC grew its stake in shares of Sandstorm Gold by 140.7% during the third quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock worth $1,471,000 after acquiring an additional 189,454 shares during the last quarter.

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About Sandstorm Gold

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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