Raymond James Financial, Inc. reaffirmed their outperform rating on shares of Sandstorm Gold Ltd (NASDAQ:SAND) in a research report report published on Friday, July 14th, MarketBeat Ratings reports. They currently have a $6.00 price objective on the stock.
Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Sandstorm Gold from a buy rating to a hold rating in a report on Tuesday, July 11th. Royal Bank Of Canada upgraded shares of Sandstorm Gold from a sector perform rating to an outperform rating in a report on Monday, July 10th. CIBC lowered shares of Sandstorm Gold from a sector outperform rating to a sector perform rating in a report on Wednesday, June 21st. Finally, Scotiabank set a $6.00 price target on shares of Sandstorm Gold and gave the company an outperform rating in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $5.42.
Shares of Sandstorm Gold (SAND) opened at 4.34 on Friday. The firm has a 50-day moving average of $4.03 and a 200-day moving average of $4.07. The company has a market cap of $800.79 million and a P/E ratio of 57.11. Sandstorm Gold has a 52-week low of $3.18 and a 52-week high of $6.65.
Sandstorm Gold (NASDAQ:SAND) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $16.07 million for the quarter, compared to analysts’ expectations of $18 million. Equities research analysts forecast that Sandstorm Gold will post $0.05 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Sandstorm Gold by 11.4% in the second quarter. FMR LLC now owns 1,765,475 shares of the company’s stock valued at $6,821,000 after buying an additional 181,000 shares during the last quarter. Vanguard Group Inc. raised its position in Sandstorm Gold by 69.9% in the second quarter. Vanguard Group Inc. now owns 67,855 shares of the company’s stock valued at $262,000 after buying an additional 27,915 shares during the last quarter. Investec Asset Management LTD acquired a new position in Sandstorm Gold during the second quarter valued at approximately $9,638,000. Cowen Inc. acquired a new position in Sandstorm Gold during the second quarter valued at approximately $774,000. Finally, Wells Fargo & Company MN raised its position in Sandstorm Gold by 18.0% in the second quarter. Wells Fargo & Company MN now owns 3,146,291 shares of the company’s stock valued at $12,176,000 after buying an additional 479,830 shares during the last quarter.
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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