Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Analysts at Cormark reduced their Q3 2018 EPS estimates for shares of Sandstorm Gold in a research note issued to investors on Tuesday, October 16th. Cormark analyst R. Gray now anticipates that the mining company will earn $0.01 per share for the quarter, down from their prior forecast of $0.03.
Separately, Zacks Investment Research downgraded Sandstorm Gold from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.83.
Large investors have recently bought and sold shares of the business. Natixis purchased a new stake in Sandstorm Gold in the first quarter valued at $110,000. Tower Research Capital LLC TRC raised its position in Sandstorm Gold by 251.5% in the second quarter. Tower Research Capital LLC TRC now owns 23,202 shares of the mining company’s stock valued at $104,000 after purchasing an additional 16,602 shares during the period. Community Financial Services Group LLC purchased a new stake in Sandstorm Gold in the second quarter valued at $135,000. Resources Investment Advisors Inc. raised its position in Sandstorm Gold by 81.4% in the second quarter. Resources Investment Advisors Inc. now owns 36,317 shares of the mining company’s stock valued at $163,000 after purchasing an additional 16,300 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Sandstorm Gold in the first quarter valued at $229,000.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold streaming and royalty company. It has a portfolio of 174 streams and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guiana, South Africa, Paraguay, Botswana, Sweden, Mongolia, Mexico, and Cote d'Ivoire.
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