Sandstorm Gold Ltd (SAND) Stock Rating Reaffirmed by Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their outperform rating on shares of Sandstorm Gold Ltd (NASDAQ:SAND) in a report released on Friday, July 14th, MarketBeat Ratings reports. Raymond James Financial, Inc. currently has a $6.00 price target on the stock.

Several other brokerages have also recently issued reports on SAND. CIBC cut shares of Sandstorm Gold from a sector outperform rating to a sector perform rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Sandstorm Gold from a sell rating to a hold rating in a research report on Friday, April 7th. Scotiabank set a $6.00 price target on shares of Sandstorm Gold and gave the stock an outperform rating in a research report on Friday, June 16th. Finally, Royal Bank Of Canada raised shares of Sandstorm Gold from a sector perform rating to an outperform rating in a research report on Monday, July 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Sandstorm Gold has an average rating of Buy and an average price target of $5.42.

Sandstorm Gold (NASDAQ:SAND) traded down 0.25% during midday trading on Friday, hitting $4.03. 1,385,692 shares of the stock traded hands. The company’s 50-day moving average is $3.95 and its 200 day moving average is $4.08. The firm has a market cap of $612.54 million and a P/E ratio of 34.44. Sandstorm Gold has a 12-month low of $3.18 and a 12-month high of $6.75.

Sandstorm Gold (NASDAQ:SAND) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. The business had revenue of $16.07 million for the quarter, compared to analyst estimates of $18 million. On average, analysts anticipate that Sandstorm Gold will post $0.06 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of SAND. Creative Planning boosted its stake in shares of Sandstorm Gold by 0.3% in the first quarter. Creative Planning now owns 99,779 shares of the company’s stock valued at $426,000 after buying an additional 250 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Sandstorm Gold by 1.0% in the first quarter. Regentatlantic Capital LLC now owns 40,300 shares of the company’s stock valued at $172,000 after buying an additional 400 shares during the period. Cidel Asset Management Inc. boosted its stake in shares of Sandstorm Gold by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 182,200 shares of the company’s stock valued at $703,000 after buying an additional 600 shares during the period. HighTower Advisors LLC boosted its stake in shares of Sandstorm Gold by 3.7% in the first quarter. HighTower Advisors LLC now owns 28,130 shares of the company’s stock valued at $123,000 after buying an additional 1,000 shares during the period. Finally, TD Asset Management Inc. boosted its stake in shares of Sandstorm Gold by 2.4% in the second quarter. TD Asset Management Inc. now owns 588,700 shares of the company’s stock valued at $2,271,000 after buying an additional 13,600 shares during the period.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd is a Canada-based company engaged in providing financing to mining companies. The Company focuses on acquiring gold and other metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. The Company operates in the segments of Bachelor Lake, Black Fox, Chapada Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.

Analyst Recommendations for Sandstorm Gold (NASDAQ:SAND)

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