Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Research analysts at Cormark cut their Q1 2018 EPS estimates for Sandstorm Gold in a note issued to investors on Friday, according to Zacks Investment Research. Cormark analyst R. Gray now forecasts that the mining company will post earnings of $0.01 per share for the quarter, down from their prior forecast of $0.02. Cormark also issued estimates for Sandstorm Gold’s Q4 2018 earnings at $0.03 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.05 EPS and Q4 2019 earnings at $0.05 EPS.
Several other analysts have also issued reports on the company. ValuEngine upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. BMO Capital Markets set a $5.00 target price on Sandstorm Gold and gave the company a “hold” rating in a research note on Thursday, February 15th. Finally, Scotiabank boosted their target price on Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Sandstorm Gold currently has a consensus rating of “Hold” and a consensus price target of $5.75.
Shares of Sandstorm Gold (NYSEAMERICAN:SAND) remained flat at $$4.52 during trading on Monday. The company’s stock had a trading volume of 932,246 shares, compared to its average volume of 1,731,516. The firm has a market capitalization of $846.21, a P/E ratio of 75.00 and a beta of -0.38. Sandstorm Gold has a twelve month low of $3.18 and a twelve month high of $5.64.
A number of institutional investors have recently bought and sold shares of SAND. Virtu Financial LLC grew its position in 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 buying an additional 22,616 shares in the last quarter. Highstreet Asset Management Inc. purchased a new position in shares of Sandstorm Gold in the 4th quarter worth about $143,000. Tower Research Capital LLC TRC boosted its holdings in shares of Sandstorm Gold by 283.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 29,524 shares of the mining company’s stock worth $185,000 after purchasing an additional 21,824 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new position in shares of Sandstorm Gold in the 3rd quarter worth about $203,000. Finally, Millennium Management LLC purchased a new position in shares of Sandstorm Gold in the 4th quarter worth about $259,000.
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Sandstorm Gold Company Profile
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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