National Bank Financial Equities Analysts Lift Earnings Estimates for Sandstorm Gold Ltd (SAND)

Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Stock analysts at National Bank Financial increased their FY2018 earnings per share estimates for shares of Sandstorm Gold in a report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.15 for the year, up from their prior estimate of $0.13.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank raised their price objective on shares of Sandstorm Gold from $6.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub lowered shares of Sandstorm Gold from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Sandstorm Gold presently has an average rating of “Hold” and a consensus price target of $6.00.

Shares of Sandstorm Gold (NYSEAMERICAN:SAND) traded down $0.12 during trading on Friday, reaching $5.03. 962,240 shares of the company’s stock were exchanged, compared to its average volume of 1,770,646. Sandstorm Gold has a 12-month low of $3.18 and a 12-month high of $5.64. The company has a market cap of $968.70, a P/E ratio of 83.00 and a beta of -0.58.

Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings results on Wednesday, November 1st. The mining company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $17.94 million for the quarter, compared to analyst estimates of $18.00 million.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC raised its holdings in Sandstorm Gold by 110.0% in the 3rd quarter. Virtu Financial LLC now owns 43,180 shares of the mining company’s stock valued at $113,000 after buying an additional 22,616 shares during the last quarter. Highstreet Asset Management Inc. acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at about $143,000. Tiemann Investment Advisors LLC acquired a new position in shares of Sandstorm Gold in the 3rd quarter valued at about $203,000. Finally, Jane Street Group LLC lifted its holdings in shares of Sandstorm Gold by 140.7% in the 3rd quarter. Jane Street Group LLC now owns 324,129 shares of the mining company’s stock valued at $1,471,000 after buying an additional 189,454 shares during the period.

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Sandstorm Gold Company Profile

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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