Brokerages Anticipate Sandstorm Gold Ltd (NASDAQ:SAND) to Post $0.01 Earnings Per Share

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Sandstorm Gold Ltd (NASDAQ:SAND) has been given an average broker rating score of 1.83 (Buy) from the six brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company. Sandstorm Gold’s rating score has improved by 18.7% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a 12-month consensus price objective of $6.19 for the company and are anticipating that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Sandstorm Gold an industry rank of 100 out of 265 based on the ratings given to its competitors.
SAND has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating and set a $9.00 price target (up from $8.00) on shares of Sandstorm Gold in a research report on Thursday, August 4th. TD Securities reissued a “buy” rating and set a $9.50 price target (up from $8.50) on shares of Sandstorm Gold in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. BMO Capital Markets initiated coverage on shares of Sandstorm Gold in a research report on Thursday, June 16th. They set a “hold” rating for the company. Finally, CIBC raised shares of Sandstorm Gold from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, July 11th.

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Sandstorm Gold (NASDAQ:SAND) traded down 1.67% during trading on Tuesday, hitting $5.29. 931,427 shares of the stock traded hands. The stock has a 50 day moving average price of $6.02 and a 200-day moving average price of $4.57. Sandstorm Gold has a 52-week low of $1.94 and a 52-week high of $6.75. The stock’s market cap is $795.62 million.
Large investors have recently modified their holdings of the company. AGF Investments Inc. purchased a new stake in shares of Sandstorm Gold during the second quarter worth approximately $1,897,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sandstorm Gold by 305.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 53,125 shares of the company’s stock worth $237,000 after buying an additional 40,025 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in shares of Sandstorm Gold by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 142,800 shares of the company’s stock worth $638,000 after buying an additional 400 shares during the last quarter. Swiss National Bank boosted its stake in shares of Sandstorm Gold by 5.1% in the second quarter. Swiss National Bank now owns 206,980 shares of the company’s stock worth $926,000 after buying an additional 10,000 shares during the last quarter. Finally, Scotia Capital Inc. boosted its stake in shares of Sandstorm Gold by 21.0% in the second quarter. Scotia Capital Inc. now owns 274,295 shares of the company’s stock worth $1,231,000 after buying an additional 47,610 shares during the last quarter.
About Sandstorm Gold

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