Raymond James Trims Sandstorm Gold (NYSE:SAND) Target Price to $9.50

Sandstorm Gold (NYSE:SAND) had its price objective reduced by stock analysts at Raymond James from $10.00 to $9.50 in a research report issued on Tuesday, PriceTargets.com reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential upside of 32.13% from the stock’s previous close. Raymond James also issued estimates for Sandstorm Gold’s Q2 2021 earnings at $0.03 EPS, FY2021 earnings at $0.15 EPS, Q1 2022 earnings at $0.04 EPS, Q2 2022 earnings at $0.04 EPS, Q3 2022 earnings at $0.04 EPS, Q4 2022 earnings at $0.04 EPS and FY2022 earnings at $0.16 EPS.

A number of other research analysts have also commented on SAND. National Bank Financial restated an “outperform” rating on shares of Sandstorm Gold in a research note on Friday, February 12th. CIBC dropped their price objective on shares of Sandstorm Gold from $16.75 to $13.50 and set an “outperform” rating on the stock in a research note on Monday, February 8th. Roth Capital initiated coverage on shares of Sandstorm Gold in a research note on Wednesday, December 16th. They issued a “buy” rating and a $10.00 price objective on the stock. HC Wainwright restated a “buy” rating on shares of Sandstorm Gold in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Saturday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $13.04.

Shares of SAND opened at $7.19 on Tuesday. Sandstorm Gold has a 1-year low of $5.57 and a 1-year high of $10.63. The stock has a market cap of $1.40 billion, a PE ratio of 179.79 and a beta of 1.05. The firm has a fifty day moving average price of $6.70 and a 200 day moving average price of $7.05.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Sandstorm Gold had a net margin of 11.03% and a return on equity of 3.06%. The firm had revenue of $29.70 million during the quarter. On average, analysts anticipate that Sandstorm Gold will post 0.12 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. increased its stake in shares of Sandstorm Gold by 25.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 125,000 shares of the company’s stock worth $896,000 after acquiring an additional 25,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Sandstorm Gold by 33.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,790 shares of the company’s stock worth $393,000 after buying an additional 13,800 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in Sandstorm Gold during the fourth quarter worth about $25,000. Virtu Financial LLC boosted its holdings in Sandstorm Gold by 536.8% during the fourth quarter. Virtu Financial LLC now owns 68,210 shares of the company’s stock worth $489,000 after buying an additional 57,498 shares in the last quarter. Finally, Eudaimonia Partners LLC purchased a new stake in Sandstorm Gold during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 39.01% of the company’s stock.

About Sandstorm Gold

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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Analyst Recommendations for Sandstorm Gold (NYSE:SAND)

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