Sandstorm Gold Ltd (SSL) to Post FY2018 Earnings of $0.11 Per Share, National Bank Financial Forecasts
Sandstorm Gold Ltd (TSE:SSL) (NASDAQ:SAND) – Equities researchers at National Bank Financial boosted their FY2018 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.11 per share for the year, up from their previous estimate of $0.10. National Bank Financial has a “Outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity decreased their target price on shares of Sandstorm Gold from C$10.00 to C$9.50 in a research report on Friday, September 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a C$7.50 target price on shares of Sandstorm Gold in a research report on Monday, July 10th. Finally, CIBC cut shares of Sandstorm Gold from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$6.00 to C$5.50 in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Sandstorm Gold presently has an average rating of “Buy” and an average target price of C$7.20.
Sandstorm Gold (SSL) traded up 0.91% during trading on Friday, reaching $5.57. 270,174 shares of the company’s stock traded hands. Sandstorm Gold has a 1-year low of $4.29 and a 1-year high of $6.87. The firm has a market capitalization of $1.03 billion and a PE ratio of 73.29. The firm has a 50 day moving average of $5.78 and a 200 day moving average of $5.33.
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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