Q3 2021 EPS Estimates for Sandstorm Gold Ltd. Lowered by Raymond James (TSE:SSL)

Sandstorm Gold Ltd. (TSE:SSL) – Investment analysts at Raymond James decreased their Q3 2021 earnings per share (EPS) estimates for Sandstorm Gold in a report issued on Monday, April 5th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.05 per share for the quarter, down from their prior forecast of $0.06. Raymond James has a “Market Perform” rating and a $12.00 price target on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q4 2021 earnings at $0.05 EPS.

Several other analysts also recently commented on SSL. CIBC dropped their target price on shares of Sandstorm Gold from C$16.75 to C$13.50 in a report on Monday, February 8th. Scotiabank raised their price objective on shares of Sandstorm Gold from C$10.00 to C$10.50 in a report on Monday, January 11th. Canaccord Genuity reduced their target price on shares of Sandstorm Gold from C$12.00 to C$11.50 in a research note on Tuesday, February 9th. Roth Capital reissued a “buy” rating on shares of Sandstorm Gold in a research note on Wednesday, December 16th. Finally, National Bank Financial cut their price target on Sandstorm Gold from C$14.25 to C$13.50 and set an “outperform” rating on the stock in a report on Friday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$12.58.

Shares of SSL opened at C$9.07 on Thursday. The stock has a 50 day simple moving average of C$8.43 and a 200 day simple moving average of C$9.38. Sandstorm Gold has a 52-week low of C$7.57 and a 52-week high of C$14.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 36.00 and a current ratio of 36.22. The firm has a market capitalization of C$1.77 billion and a PE ratio of 129.57.

Sandstorm Gold (TSE:SSL) last announced its quarterly earnings results on Thursday, February 11th. The company reported C$0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.07. The business had revenue of C$38.71 million during the 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.

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Earnings History and Estimates for Sandstorm Gold (TSE:SSL)

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