Sandstorm Gold Ltd Forecasted to Post Q3 2018 Earnings of $0.01 Per Share (NYSEAMERICAN:SAND)

Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Analysts at Cormark lowered their Q3 2018 earnings estimates for Sandstorm Gold in a report released on Tuesday, October 16th, according to Zacks Investment Research. Cormark analyst R. Gray now expects that the mining company will earn $0.01 per share for the quarter, down from their prior forecast of $0.03.

SAND has been the subject of several other reports. Zacks Investment Research raised Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a report on Sunday, October 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sandstorm Gold has an average rating of “Hold” and an average target price of $5.83.

NYSEAMERICAN:SAND traded up $0.06 on Wednesday, hitting $3.74. 2,024,216 shares of the stock were exchanged, compared to its average volume of 1,222,036. Sandstorm Gold has a 52 week low of $3.52 and a 52 week high of $5.64.

Several institutional investors have recently bought and sold shares of SAND. Van ECK Associates Corp grew its position in shares of Sandstorm Gold by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock worth $101,591,000 after buying an additional 1,578,431 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Sandstorm Gold by 644.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 671,147 shares of the mining company’s stock valued at $2,497,000 after purchasing an additional 581,000 shares during the period. Bank of Montreal Can grew its position in shares of Sandstorm Gold by 11.8% in the 2nd quarter. Bank of Montreal Can now owns 3,197,078 shares of the mining company’s stock valued at $14,386,000 after purchasing an additional 336,749 shares during the period. Barclays PLC grew its position in shares of Sandstorm Gold by 250.6% in the 1st quarter. Barclays PLC now owns 376,280 shares of the mining company’s stock valued at $1,792,000 after purchasing an additional 268,955 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Sandstorm Gold by 2.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 10,234,357 shares of the mining company’s stock valued at $46,003,000 after purchasing an additional 220,632 shares during the period.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold streaming and royalty company. It has a portfolio of 174 streams and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guiana, South Africa, Paraguay, Botswana, Sweden, Mongolia, Mexico, and Cote d'Ivoire.

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Earnings History and Estimates for Sandstorm Gold (NYSEAMERICAN:SAND)

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