Sandstorm Gold (NYSEAMERICAN:SAND) posted its earnings results on Thursday. The mining company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), MarketWatch Earnings reports. The business had revenue of $18.73 million during the quarter.
Shares of SAND opened at $9.62 on Friday. Sandstorm Gold has a 12-month low of $3.32 and a 12-month high of $10.63.
A number of equities research analysts have issued reports on the company. Canaccord Genuity cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, July 21st. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $11.00 price objective on shares of Sandstorm Gold in a research note on Sunday, May 17th. CIBC lifted their price objective on shares of Sandstorm Gold from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Raymond James lifted their price objective on shares of Sandstorm Gold from $8.75 to $9.50 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. Finally, TD Securities cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating and set a $13.50 price objective on the stock. in a research note on Friday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Sandstorm Gold has a consensus rating of “Hold” and an average price target of $12.58.
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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