Sandstorm Gold Ltd Forecasted to Earn Q4 2017 Earnings of $0.01 Per Share (TSE:SSL)
Sandstorm Gold Ltd (TSE:SSL) – Stock analysts at National Bank Financial reduced their Q4 2017 earnings per share estimates for Sandstorm Gold in a research report issued on Thursday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their previous estimate of $0.03. National Bank Financial also issued estimates for Sandstorm Gold’s FY2019 earnings at $0.10 EPS.
A number of other equities analysts have also recently issued reports on the stock. TD Securities restated a “buy” rating and set a C$8.50 target price on shares of Sandstorm Gold in a research report on Thursday, April 27th. CIBC cut their target price on shares of Sandstorm Gold from C$6.50 to C$6.00 in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$7.50 target price on shares of Sandstorm Gold in a research report on Monday, July 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$7.25.
Sandstorm Gold (SSL) opened at 4.97 on Monday. Sandstorm Gold has a 52-week low of $4.29 and a 52-week high of $8.73. The company’s 50 day moving average is $5.05 and its 200 day moving average is $5.40. The firm has a market cap of $755.41 million and a P/E ratio of 42.48.
In other news, Director Nolan Allan Watson acquired 20,000 shares of the business’s stock in a transaction dated Friday, July 7th. The stock was acquired at an average price of C$4.98 per share, with a total value of C$99,600.00.
About Sandstorm Gold
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.
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