Zacks Investment Research Downgrades Sandstorm Gold Ltd (SAND) to Hold

Sandstorm Gold Ltd (NASDAQ:SAND) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, July 11th.

According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “

A number of other analysts have also recently issued reports on SAND. Scotiabank set a $6.00 price objective on Sandstorm Gold and gave the company an “outperform” rating in a research report on Friday, June 16th. CIBC cut Sandstorm Gold from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada raised Sandstorm Gold from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.42.

Sandstorm Gold (SAND) opened at 4.03 on Tuesday. The stock has a market capitalization of $612.54 million and a price-to-earnings ratio of 34.44. Sandstorm Gold has a one year low of $3.18 and a one year high of $6.75. The stock’s 50 day moving average is $3.95 and its 200 day moving average is $4.08.

Sandstorm Gold (NASDAQ:SAND) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The business had revenue of $16.07 million during the quarter, compared to analyst estimates of $18 million. On average, equities analysts forecast that Sandstorm Gold will post $0.06 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Downgrades Sandstorm Gold Ltd (SAND) to Hold” was published by BBNS and is the property of of BBNS. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://baseballnewssource.com/markets/zacks-investment-research-lowers-sandstorm-gold-ltd-sand-to-hold-updated-updated-updated/1197703.html.

A number of hedge funds have recently added to or reduced their stakes in SAND. UBS Group AG boosted its stake in Sandstorm Gold by 83.3% in the first quarter. UBS Group AG now owns 32,080 shares of the company’s stock valued at $137,000 after buying an additional 14,580 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Sandstorm Gold by 385.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 90,925 shares of the company’s stock valued at $388,000 after buying an additional 72,200 shares during the last quarter. Sentry Investments Corp. raised its position in Sandstorm Gold by 1.4% in the first quarter. Sentry Investments Corp. now owns 6,104,610 shares of the company’s stock worth $34,918,000 after buying an additional 85,400 shares during the period. FMR LLC raised its position in Sandstorm Gold by 5.5% in the first quarter. FMR LLC now owns 1,584,475 shares of the company’s stock worth $6,815,000 after buying an additional 83,000 shares during the period. Finally, OppenheimerFunds Inc. raised its position in Sandstorm Gold by 181.0% in the first quarter. OppenheimerFunds Inc. now owns 1,180,000 shares of the company’s stock worth $5,039,000 after buying an additional 760,000 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.

Get a free copy of the Zacks research report on Sandstorm Gold (SAND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Sandstorm Gold (NASDAQ:SAND)

Receive News & Ratings for Sandstorm Gold Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.