Sandstorm Gold Ltd (NYSEAMERICAN:SAND) has been assigned an average rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $8.33.
SAND has been the subject of several research reports. CIBC raised Sandstorm Gold from a “neutral” rating to a “sector outperform” rating and set a $11.25 price target for the company in a report on Thursday, October 31st. Zacks Investment Research raised Sandstorm Gold from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Wednesday, October 16th. Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a report on Friday, August 23rd. Raymond James set a $7.00 price target on Sandstorm Gold and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TheStreet raised Sandstorm Gold from a “c+” rating to a “b” rating in a report on Wednesday, August 21st.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Epstein & White Financial LLC acquired a new position in Sandstorm Gold in the 2nd quarter valued at $55,000. Sigma Planning Corp raised its holdings in Sandstorm Gold by 20.4% in the 3rd quarter. Sigma Planning Corp now owns 13,600 shares of the mining company’s stock valued at $77,000 after acquiring an additional 2,300 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Sandstorm Gold by 6,034.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 17,544 shares of the mining company’s stock valued at $99,000 after acquiring an additional 17,258 shares in the last quarter. Zacks Investment Management raised its holdings in shares of Sandstorm Gold by 20.7% during the 2nd quarter. Zacks Investment Management now owns 18,776 shares of the mining company’s stock worth $104,000 after buying an additional 3,216 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Sandstorm Gold during the 2nd quarter worth $109,000.
Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings results on Wednesday, October 30th. The mining company reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $17.72 million for the quarter, compared to analyst estimates of $25.00 million.
About Sandstorm Gold
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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