According to Zacks, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada. “
Separately, Raymond James set a $6.00 price objective on shares of Sandstorm Gold and gave the company an “outperform” rating in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Sandstorm Gold currently has a consensus rating of “Buy” and a consensus price target of $6.00.
Sandstorm Gold (NYSEAMERICAN:SAND) last released its earnings results on Tuesday, May 7th. The mining company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $18.17 million for the quarter, compared to the consensus estimate of $17.00 million.
Several institutional investors have recently added to or reduced their stakes in SAND. Waratah Capital Advisors Ltd. bought a new stake in shares of Sandstorm Gold during the first quarter valued at approximately $9,970,000. Jennison Associates LLC purchased a new position in shares of Sandstorm Gold in the first quarter valued at $8,817,000. Bank of Montreal Can grew its holdings in shares of Sandstorm Gold by 41.0% in the first quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock valued at $13,291,000 after purchasing an additional 705,198 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Sandstorm Gold by 4.4% in the first quarter. Great West Life Assurance Co. Can now owns 10,476,636 shares of the mining company’s stock valued at $57,057,000 after purchasing an additional 440,814 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Sandstorm Gold by 13.6% in the fourth quarter. Deutsche Bank AG now owns 3,394,234 shares of the mining company’s stock valued at $15,647,000 after purchasing an additional 405,262 shares in the last quarter.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold royalty company. It focuses on acquiring gold and other metal purchase agreements and royalties from companies that have advanced stage development projects or operating mines. The company offers upfront payments for companies to acquire a gold stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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