Sandstorm Gold Ltd (TSE:SSL) – Equities researchers at National Bank Financial cut their Q4 2017 earnings estimates for Sandstorm Gold in a report issued on Thursday. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.01 per share for the quarter, down from their previous estimate of $0.03. National Bank Financial also issued estimates for Sandstorm Gold’s FY2019 earnings at $0.10 EPS.
SSL has been the subject of a number of other research reports. Royal Bank Of Canada restated an “outperform” rating and set a C$7.50 price objective on shares of Sandstorm Gold in a report on Monday, July 10th. TD Securities restated a “buy” rating and set a C$8.50 price objective on shares of Sandstorm Gold in a report on Thursday, April 27th. Finally, CIBC cut Sandstorm Gold from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$6.00 to C$5.50 in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$7.25.
In other Sandstorm Gold news, Director Nolan Allan Watson purchased 20,000 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was bought at an average cost of C$4.98 per share, for a total transaction of C$99,600.00.
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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