Sandstorm Gold Ltd (TSE:SSL) – Research analysts at Cormark lowered their Q1 2018 earnings estimates for shares of Sandstorm Gold in a report released on Friday. Cormark analyst R. Gray now anticipates that the company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.03. Cormark also issued estimates for Sandstorm Gold’s Q4 2018 earnings at $0.04 EPS, Q1 2019 earnings at $0.05 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.06 EPS and Q4 2019 earnings at $0.06 EPS.
A number of other research firms also recently commented on SSL. National Bank Financial lifted their target price on Sandstorm Gold from C$7.50 to C$8.25 in a report on Friday, January 26th. Canaccord Genuity lifted their target price on Sandstorm Gold from C$10.25 to C$10.50 in a report on Friday, January 19th. Finally, CIBC lifted their target price on Sandstorm Gold from C$5.75 to C$6.25 in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$7.58.
In related news, Director David Awram purchased 23,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was bought at an average cost of C$5.49 per share, with a total value of C$126,270.00. Also, Director Andrew Swarthout sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of C$5.19, for a total value of C$46,710.00.
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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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