Canaccord Genuity restated their buy rating on shares of Sandstorm Gold (NYSEAMERICAN:SAND) in a research note released on Friday, TipRanks reports.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. CIBC reaffirmed a hold rating on shares of Sandstorm Gold in a research report on Monday, July 15th. Finally, Raymond James set a $6.00 price target on Sandstorm Gold and gave the stock an outperform rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Sandstorm Gold currently has an average rating of Buy and a consensus target price of $6.00.
Shares of SAND stock traded down $0.05 on Friday, reaching $6.47. 3,344,370 shares of the company’s stock were exchanged, compared to its average volume of 1,373,615. Sandstorm Gold has a 52 week low of $3.47 and a 52 week high of $6.70.
Sandstorm Gold (NYSEAMERICAN:SAND) last issued its earnings results on Tuesday, May 7th. The mining company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $18.17 million during the quarter, compared to analyst estimates of $17.00 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAND. Legal & General Group Plc grew its stake in Sandstorm Gold by 125.7% during the 4th quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock worth $32,000 after buying an additional 3,840 shares during the last quarter. Epstein & White Financial LLC purchased a new position in Sandstorm Gold during the 2nd quarter worth $55,000. Geode Capital Management LLC grew its stake in Sandstorm Gold by 61.2% during the 4th quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock worth $82,000 after buying an additional 6,863 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Sandstorm Gold by 17.3% during the 2nd quarter. Koshinski Asset Management Inc. now owns 22,415 shares of the mining company’s stock worth $124,000 after buying an additional 3,300 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Sandstorm Gold during the 4th quarter worth $108,000.
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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