Sandstorm Gold Ltd (NYSEAMERICAN:SAND)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.93, but opened at $6.76. Sandstorm Gold shares last traded at $6.56, with a volume of 384,575 shares changing hands.
A number of equities research analysts have recently weighed in on the company. CIBC reaffirmed a “hold” rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sandstorm Gold in a research note on Friday, July 19th. Finally, Zacks Investment Research raised Sandstorm Gold from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $6.63.
Sandstorm Gold (NYSEAMERICAN:SAND) last issued its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The company had revenue of $18.17 million during the quarter, compared to analysts’ expectations of $17.00 million.
About Sandstorm Gold (NYSEAMERICAN:SAND)
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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