Sandstorm Gold Ltd Forecasted to Earn FY2017 Earnings of $0.09 Per Share (SSL)
Sandstorm Gold Ltd (TSE:SSL) – Analysts at National Bank Financial dropped their FY2017 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now expects that the brokerage will post earnings per share of $0.09 for the year, down from their prior forecast of $0.13.
Several other analysts also recently weighed in on the stock. TD Securities boosted their price objective on shares of Sandstorm Gold from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Raymond James Financial Inc. lifted their target price on shares of Sandstorm Gold from C$7.25 to C$8.50 in a report on Friday, September 23rd. Canaccord Genuity lifted their target price on shares of Sandstorm Gold from C$6.50 to C$8.00 in a report on Tuesday, July 12th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$7.50 target price on shares of Sandstorm Gold in a report on Monday, July 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$7.41.
Sandstorm Gold (TSE:SSL) opened at 6.01 on Monday. The firm’s 50-day moving average is $7.04 and its 200 day moving average is $6.18. Sandstorm Gold has a 12-month low of $2.82 and a 12-month high of $8.73. The stock’s market capitalization is $903.90 million.
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