Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Analysts at National Bank Financial upped their FY2018 earnings per share estimates for Sandstorm Gold in a note issued to investors on Tuesday. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings per share of $0.13 for the year, up from their previous forecast of $0.12.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Saturday, October 21st. BidaskClub lowered shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. ValuEngine upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Scotiabank raised their target price on shares of Sandstorm Gold from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Sandstorm Gold presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Several hedge funds and other institutional investors have recently modified their holdings of SAND. Jane Street Group LLC lifted its holdings 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 purchasing an additional 189,454 shares during the period. Tiemann Investment Advisors LLC acquired a new stake in shares of Sandstorm Gold during the third quarter worth $203,000. Finally, Virtu Financial LLC lifted its holdings 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 purchasing an additional 22,616 shares during the period.
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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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