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.
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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