Sandstorm Gold (NYSEAMERICAN:SAND) Releases Earnings Results, Meets Expectations

Sandstorm Gold (NYSEAMERICAN:SAND) announced its quarterly earnings data on Thursday. The mining company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03, Fidelity Earnings reports. The business had revenue of $24.00 million during the quarter, compared to the consensus estimate of $23.00 million.

SAND stock traded up $0.23 on Friday, hitting $7.13. 1,788,300 shares of the company’s stock were exchanged, compared to its average volume of 1,789,998. Sandstorm Gold has a 12-month low of $4.96 and a 12-month high of $7.67.

Several analysts have recently weighed in on the company. Raymond James set a $7.00 target price on Sandstorm Gold and gave the stock an “outperform” rating in a research report on Friday, November 1st. CIBC upgraded shares of Sandstorm Gold from a “neutral” rating to a “sector outperform” rating and set a $11.25 price target on the stock in a report on Thursday, October 31st. Finally, Zacks Investment Research raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $8.67.

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 for Sandstorm Gold (NYSEAMERICAN:SAND)

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