Sandstorm Gold Ltd (NYSEAMERICAN:SAND) has been assigned a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $6.00.
A number of research analysts have recently commented on the stock. CIBC reissued a “hold” rating on shares of Sandstorm Gold in a research report on Monday, July 15th. Zacks Investment Research downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a research report on Friday, July 19th.
Shares of SAND traded down $0.30 during midday trading on Friday, reaching $6.00. The stock had a trading volume of 1,852,100 shares, compared to its average volume of 1,482,690. Sandstorm Gold has a one year low of $3.47 and a one year high of $7.02.
Sandstorm Gold (NYSEAMERICAN:SAND) last announced its quarterly earnings data on Monday, August 12th. The mining company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $21.49 million for the quarter, compared to the consensus estimate of $23.00 million.
Institutional investors and hedge funds have recently made changes to their positions in the company. Voloridge Investment Management LLC acquired a new stake in shares of Sandstorm Gold during the 2nd quarter worth about $354,000. Zacks Investment Management lifted its stake in shares of Sandstorm Gold by 20.7% during the 2nd quarter. Zacks Investment Management now owns 18,776 shares of the mining company’s stock worth $104,000 after buying an additional 3,216 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Sandstorm Gold by 271.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 741,421 shares of the mining company’s stock worth $4,115,000 after buying an additional 541,954 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Sandstorm Gold by 247.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 146,011 shares of the mining company’s stock worth $810,000 after buying an additional 104,011 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Sandstorm Gold by 320.6% during the 2nd quarter. Marshall Wace LLP now owns 870,623 shares of the mining company’s stock worth $4,827,000 after buying an additional 663,627 shares during the last quarter.
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.
Further Reading: Outstanding Shares
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