Shares of Sandstorm Gold Ltd (NYSEAMERICAN:SAND) hit a new 52-week high on Tuesday . The stock traded as high as $9.61 and last traded at $9.51, with a volume of 89867 shares. The stock had previously closed at $9.25.
Several research firms have recently issued reports on SAND. Zacks Investment Research downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Friday, March 6th. Raymond James increased their target price on Sandstorm Gold from $7.75 to $8.75 and gave the company a “market perform” rating in a research note on Monday, May 11th. TheStreet downgraded Sandstorm Gold from a “b-” rating to a “c” rating in a research note on Monday, June 15th. Canaccord Genuity restated a “buy” rating and set a $10.50 target price on shares of Sandstorm Gold in a research note on Friday, March 20th. Finally, TD Securities downgraded Sandstorm Gold from a “buy” rating to a “hold” rating and set a $13.50 target price for the company. in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Sandstorm Gold has an average rating of “Buy” and a consensus price target of $10.94.
Sandstorm Gold (NYSEAMERICAN:SAND) last announced its quarterly earnings data on Thursday, May 7th. The mining company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). The business had revenue of $21.33 million during the quarter, compared to the consensus estimate of $26.00 million.
About Sandstorm Gold (NYSEAMERICAN:SAND)
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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