Sandstorm Gold (SAND) PT Raised to $6.00

Sandstorm Gold (NYSEAMERICAN:SAND) had its price target lifted by analysts at Raymond James from $5.75 to $6.00 in a report issued on Thursday. The firm presently has an “outperform” rating on the mining company’s stock. Raymond James’ price target indicates a potential upside of 3.45% from the company’s previous close.

SAND has been the topic of several other research reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Sandstorm Gold in a research note on Monday, January 21st. Zacks Investment Research raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. TD Securities reaffirmed a “buy” rating on shares of Sandstorm Gold in a research note on Thursday, November 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Sandstorm Gold in a research note on Thursday, February 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $5.75.

NYSEAMERICAN:SAND opened at $5.80 on Thursday. Sandstorm Gold has a 1-year low of $3.47 and a 1-year high of $5.89.

Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings results on Tuesday, February 19th. The mining company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $17.46 million during the quarter, compared to analyst estimates of $17.00 million.

A number of large investors have recently modified their holdings of the business. Legal & General Group Plc increased its stake in shares of Sandstorm Gold by 125.7% during the fourth quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock worth $32,000 after buying an additional 3,840 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Sandstorm Gold by 50.0% during the fourth quarter. Arcadia Investment Management Corp MI now owns 7,500 shares of the mining company’s stock worth $35,000 after buying an additional 2,500 shares during the period. Geode Capital Management LLC increased its stake in shares of Sandstorm Gold by 61.2% during the fourth quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock worth $82,000 after buying an additional 6,863 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth approximately $108,000. Finally, Midas Management Corp purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth approximately $124,000.

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.

Featured Story: Trading Ex-Dividend Strategy

Receive News & Ratings for Sandstorm Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sandstorm Gold and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply