Sandstorm Gold (NYSEAMERICAN:SAND) posted its quarterly earnings data on Thursday. The mining company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), MarketWatch Earnings reports. The company had revenue of $18.73 million during the quarter.
Shares of Sandstorm Gold stock traded down $0.06 during trading hours on Friday, reaching $9.62. The company’s stock had a trading volume of 2,683,508 shares, compared to its average volume of 2,726,173. Sandstorm Gold has a one year low of $3.32 and a one year high of $10.63.
Several equities analysts have recently weighed in on the stock. Canaccord Genuity cut shares of 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. TD Securities downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating and set a $13.50 price target on the stock. in a research report on Friday, May 8th. TheStreet downgraded shares of Sandstorm Gold from a “b-” rating to a “c” rating in a research report on Monday, June 15th. CIBC lifted their target price on Sandstorm Gold from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Finally, National Bank Financial reiterated a “buy” rating and issued a $15.50 price target on shares of Sandstorm Gold in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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