Shares of Sandstorm Gold Ltd (NASDAQ:SAND) have received an average broker rating score of 1.71 (Buy) from the seven analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company. Sandstorm Gold’s rating score has improved by 6.6% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a twelve-month consensus target price of $5.56 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Sandstorm Gold an industry rank of 210 out of 265 based on the ratings given to related companies.
A number of equities research analysts have commented on the company. Canaccord Genuity restated a “hold” rating on shares of Sandstorm Gold in a research report on Thursday, September 15th. TD Securities reiterated a “buy” rating and issued a $9.50 price objective (up previously from $8.50) on shares of Sandstorm Gold in a report on Thursday, August 4th. Zacks Investment Research downgraded Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. CIBC upgraded Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a report on Monday, July 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 price objective (up previously from $5.00) on shares of Sandstorm Gold in a report on Thursday, July 7th.
Large investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in Sandstorm Gold by 5.1% in the second quarter. Swiss National Bank now owns 206,980 shares of the company’s stock valued at $926,000 after buying an additional 10,000 shares during the last quarter. AGF Investments Inc. bought a new position in Sandstorm Gold during the second quarter valued at approximately $1,897,000. Bank of Montreal Can bought a new position in Sandstorm Gold during the second quarter valued at approximately $3,236,000. Alps Advisors Inc. boosted its position in Sandstorm Gold by 1,045.8% in the second quarter. Alps Advisors Inc. now owns 995,702 shares of the company’s stock valued at $4,441,000 after buying an additional 908,799 shares during the last quarter. Finally, Royce & Associates LP bought a new position in Sandstorm Gold during the second quarter valued at approximately $289,000.
Shares of Sandstorm Gold (NASDAQ:SAND) opened at 4.58 on Friday. The stock’s market capitalization is $688.83 million. The firm has a 50-day moving average price of $5.34 and a 200-day moving average price of $4.77. Sandstorm Gold has a 1-year low of $1.94 and a 1-year high of $6.75.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. is engaged in providing financing alternatives to mining companies. The Company focuses on acquiring gold and other precious metal purchase agreements (Gold Streams or Silver Streams), and royalties from companies that have advanced stage development projects or operating mines. It operates in the segments of Bachelor Lake, Black Fox, Santa Elena, Yamana Silver Stream, Chapada, Diavik Mine, Other Royalties, Other and Corporate.
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