Sandstorm Gold (NYSEAMERICAN:SAND) announced its quarterly earnings data on Monday. The mining company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), Fidelity Earnings reports. The company had revenue of $21.49 million for the quarter, compared to the consensus estimate of $23.00 million.
SAND traded down $0.15 during mid-day trading on Tuesday, reaching $6.37. 268,052 shares of the company traded hands, compared to its average volume of 1,473,594. Sandstorm Gold has a 52-week low of $3.47 and a 52-week high of $7.02.
SAND has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating on shares of Sandstorm Gold in a research note on Friday, July 19th. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, CIBC reiterated a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $6.63.
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: Gross Domestic Product (GDP)
Receive News & Ratings for Sandstorm Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold and related companies with MarketBeat.com's FREE daily email newsletter.