Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Equities research analysts at Raymond James upped their Q4 2019 earnings per share (EPS) estimates for Sandstorm Gold in a note issued to investors on Monday, July 15th. Raymond James analyst B. Macarthur now anticipates that the mining company will earn $0.02 per share for the quarter, up from their previous estimate of $0.01. Raymond James currently has a “Outperform” rating and a $6.00 price objective on the stock.
Sandstorm Gold (NYSEAMERICAN:SAND) last posted its earnings results on Tuesday, May 7th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The business had revenue of $18.17 million for the quarter, compared to analyst estimates of $17.00 million.
Several other equities research analysts have also issued reports on SAND. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. CIBC reissued a “hold” rating on shares of Sandstorm Gold in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $6.00.
SAND opened at $6.43 on Wednesday. Sandstorm Gold has a 52-week low of $3.47 and a 52-week high of $6.43.
A number of hedge funds have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in shares of Sandstorm Gold by 125.7% during the fourth quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock valued at $32,000 after buying an additional 3,840 shares during the period. Geode Capital Management LLC grew its stake in Sandstorm Gold by 61.2% in the fourth quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock valued at $82,000 after purchasing an additional 6,863 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Sandstorm Gold by 17.3% in the second quarter. Koshinski Asset Management Inc. now owns 22,415 shares of the mining company’s stock valued at $124,000 after purchasing an additional 3,300 shares during the last quarter. Two Sigma Advisers LP purchased a new position in Sandstorm Gold in the fourth quarter valued at about $108,000. Finally, Optimum Investment Advisors grew its stake in Sandstorm Gold by 938.5% in the first quarter. Optimum Investment Advisors now owns 27,000 shares of the mining company’s stock valued at $148,000 after purchasing an additional 24,400 shares during the last quarter.
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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