Sandstorm Gold Ltd. (NYSE:SAND) – Investment analysts at Raymond James dropped their Q3 2021 earnings per share estimates for Sandstorm Gold in a research report issued to clients and investors on Monday, April 5th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.05. Raymond James has a “Market Perform” rating and a $9.50 price objective on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q4 2021 earnings at $0.04 EPS.
Several other research analysts have also recently issued reports on the stock. Roth Capital assumed coverage on shares of Sandstorm Gold in a research report on Wednesday, December 16th. They set a “buy” rating and a $10.00 target price for the company. Zacks Investment Research upgraded Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Saturday, February 13th. HC Wainwright restated a “buy” rating on shares of Sandstorm Gold in a research note on Tuesday. CIBC reduced their price target on Sandstorm Gold from $16.75 to $13.50 and set an “outperform” rating for the company in a research report on Monday, February 8th. Finally, National Bank Financial restated an “outperform” rating on shares of Sandstorm Gold in a research report on Friday, February 12th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sandstorm Gold has a consensus rating of “Buy” and an average price target of $13.04.
Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, February 11th. The company reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Sandstorm Gold had a net margin of 11.03% and a return on equity of 3.06%. The company had revenue of $29.70 million for the quarter.
A number of hedge funds have recently added to or reduced their stakes in SAND. Capital Asset Advisory Services LLC purchased a new position in Sandstorm Gold in the 4th quarter worth approximately $25,000. Eudaimonia Partners LLC acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $29,000. Comerica Bank purchased a new position in Sandstorm Gold during the fourth quarter worth approximately $69,000. Glenmede Trust Co. NA acquired a new position in Sandstorm Gold during the fourth quarter worth $71,000. Finally, Venture Visionary Partners LLC purchased a new stake in Sandstorm Gold in the 4th quarter valued at $86,000. Institutional investors own 39.01% of the company’s stock.
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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