Sandstorm Gold (NYSEAMERICAN:SAND) announced its quarterly earnings results on Thursday. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01), MarketWatch Earnings reports. The company had revenue of $18.73 million during the quarter.
Shares of Sandstorm Gold stock opened at $9.62 on Friday. Sandstorm Gold has a 52-week low of $3.32 and a 52-week high of $10.63.
Several analysts have recently issued reports on SAND shares. Royal Bank of Canada reiterated a “buy” rating and issued a $11.00 target price on shares of Sandstorm Gold in a research note on Sunday, May 17th. TD Securities downgraded Sandstorm Gold from a “buy” rating to a “hold” rating and set a $13.50 target price on the stock. in a research note on Friday, May 8th. CIBC increased their price target on Sandstorm Gold from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Canaccord Genuity cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, July 21st. They noted that the move was a valuation call. Finally, National Bank Financial reaffirmed a “buy” rating and set a $15.50 target price on shares of Sandstorm Gold in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Sandstorm Gold has a consensus rating of “Hold” and a consensus price target of $12.58.
Sandstorm Gold Company Profile
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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