Sandstorm Gold Ltd (SAND) Receives $6.00 Consensus Target Price from Analysts

Shares of Sandstorm Gold Ltd (NASDAQ:SAND) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.00.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Scotiabank set a $6.00 target price on shares of Sandstorm Gold and gave the stock an “outperform” rating in a research note on Friday, June 16th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $6.00 target price on shares of Sandstorm Gold in a research note on Friday, July 14th. CIBC lowered shares of Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada raised shares of Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 10th.

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Several hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its stake in Sandstorm Gold by 436.5% in the second quarter. Toronto Dominion Bank now owns 180,800 shares of the company’s stock valued at $698,000 after buying an additional 147,100 shares during the last quarter. Scotia Capital Inc. raised its stake in Sandstorm Gold by 42.3% in the second quarter. Scotia Capital Inc. now owns 611,496 shares of the company’s stock valued at $2,340,000 after buying an additional 181,766 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Sandstorm Gold during the second quarter valued at approximately $125,000. Intrinsic Edge Capital Management LLC raised its stake in Sandstorm Gold by 23.2% in the second quarter. Intrinsic Edge Capital Management LLC now owns 250,000 shares of the company’s stock valued at $968,000 after buying an additional 47,100 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Sandstorm Gold by 114.1% in the second quarter. Royal Bank of Canada now owns 40,383 shares of the company’s stock valued at $156,000 after buying an additional 21,517 shares during the last quarter.

Shares of Sandstorm Gold (NASDAQ:SAND) traded up 0.21% during mid-day trading on Wednesday, hitting $4.75. The company had a trading volume of 1,134,919 shares. Sandstorm Gold has a 1-year low of $3.18 and a 1-year high of $6.64. The company has a market capitalization of $876.44 million and a price-to-earnings ratio of 62.50. The company has a 50-day moving average price of $4.29 and a 200-day moving average price of $4.06.

Sandstorm Gold (NASDAQ:SAND) last released its earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.01. The business had revenue of $16.07 million during the quarter, compared to analysts’ expectations of $18 million. On average, equities analysts anticipate that Sandstorm Gold will post $0.05 EPS for the current year.

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.

Analyst Recommendations for Sandstorm Gold (NASDAQ:SAND)

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