Sandstorm Gold Ltd. (NYSE:SAND) – Cormark issued their Q1 2021 EPS estimates for shares of Sandstorm Gold in a report issued on Monday, April 12th. Cormark analyst R. Gray anticipates that the company will post earnings per share of $0.06 for the quarter.
A number of other research analysts also recently weighed in on SAND. CIBC dropped their price target on Sandstorm Gold from $16.75 to $13.50 and set an “outperform” rating on the stock in a research note on Monday, February 8th. Raymond James dropped their price target on Sandstorm Gold from $10.00 to $9.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 6th. HC Wainwright reissued a “buy” rating on shares of Sandstorm Gold in a research note on Tuesday, April 6th. National Bank Financial reissued an “outperform” rating on shares of Sandstorm Gold in a research note on Friday, February 12th. Finally, Zacks Investment Research raised 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 stock. The stock currently has an average rating of “Buy” and an average price target of $13.04.
Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, February 11th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Sandstorm Gold had a return on equity of 3.06% and a net margin of 11.03%. The business had revenue of $29.70 million for the quarter.
Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank purchased a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $69,000. Credit Suisse AG grew its holdings in Sandstorm Gold by 1.1% during the fourth quarter. Credit Suisse AG now owns 220,885 shares of the company’s stock valued at $1,583,000 after purchasing an additional 2,352 shares during the period. Pendal Group Limited bought a new position in Sandstorm Gold during the fourth quarter valued at $340,000. Dynamic Technology Lab Private Ltd bought a new position in Sandstorm Gold during the fourth quarter valued at $851,000. Finally, Van ECK Associates Corp grew its holdings in Sandstorm Gold by 8.3% during the fourth quarter. Van ECK Associates Corp now owns 22,282,858 shares of the company’s stock valued at $159,768,000 after purchasing an additional 1,713,075 shares during the period. 39.01% of the stock is owned by institutional investors.
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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