Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Stock analysts at Raymond James increased their Q3 2020 EPS estimates for Sandstorm Gold in a research note issued to investors on Tuesday, August 13th. Raymond James analyst B. Macarthur now anticipates that the mining company will post earnings of $0.03 per share for the quarter, up from their prior estimate of $0.02. Raymond James also issued estimates for Sandstorm Gold’s Q4 2020 earnings at $0.03 EPS.
Sandstorm Gold (NYSEAMERICAN:SAND) last posted its earnings results on Monday, August 12th. The mining company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $21.49 million for the quarter, compared to analysts’ expectations of $23.00 million.
SAND has been the subject of several other research reports. CIBC restated a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Canaccord Genuity restated a “buy” rating on shares of Sandstorm Gold in a research note on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Sandstorm Gold presently has an average rating of “Buy” and an average price target of $6.63.
Sandstorm Gold stock opened at $6.30 on Wednesday. Sandstorm Gold has a fifty-two week low of $3.47 and a fifty-two week high of $7.02.
Several large investors have recently bought and sold shares of SAND. Geode Capital Management LLC grew its stake in shares of Sandstorm Gold by 61.2% in the fourth quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock worth $82,000 after acquiring an additional 6,863 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of Sandstorm Gold in the fourth quarter worth $108,000. Legal & General Group Plc grew its stake in shares of Sandstorm Gold by 125.7% in the fourth quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock worth $32,000 after acquiring an additional 3,840 shares in the last quarter. First Manhattan Co. lifted its position in shares of Sandstorm Gold by 50.0% during the 1st quarter. First Manhattan Co. now owns 45,000 shares of the mining company’s stock worth $246,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Sandstorm Gold by 41.0% during the 1st quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock worth $13,291,000 after purchasing an additional 705,198 shares during the last quarter.
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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