Sandstorm Gold (NYSEAMERICAN:SAND) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

Sandstorm Gold Ltd (NYSEAMERICAN:SAND)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.69. Sandstorm Gold shares last traded at $5.68, with a volume of 65,744 shares.

SAND has been the topic of several research reports. Raymond James set a $6.00 price objective on shares of Sandstorm Gold and gave the stock an “outperform” rating in a research note on Friday, April 5th. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Sandstorm Gold currently has a consensus rating of “Buy” and a consensus price target of $6.00.

Sandstorm Gold (NYSEAMERICAN:SAND) last issued its earnings results on Tuesday, May 7th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the 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.

Institutional investors have recently modified their holdings of the business. Waratah Capital Advisors Ltd. purchased a new position in shares of Sandstorm Gold during the first quarter valued at approximately $9,970,000. Jennison Associates LLC purchased a new position in shares of Sandstorm Gold during the first quarter valued at approximately $8,817,000. Bank of Montreal Can raised its holdings in shares of Sandstorm Gold by 41.0% during the first quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock valued at $13,291,000 after purchasing an additional 705,198 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Sandstorm Gold by 4.4% during the first quarter. Great West Life Assurance Co. Can now owns 10,476,636 shares of the mining company’s stock valued at $57,057,000 after purchasing an additional 440,814 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Sandstorm Gold by 13.6% during the fourth quarter. Deutsche Bank AG now owns 3,394,234 shares of the mining company’s stock valued at $15,647,000 after purchasing an additional 405,262 shares during the last quarter.

About Sandstorm Gold (NYSEAMERICAN:SAND)

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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