Sandstorm Gold (NYSEAMERICAN:SAND) Receives “Hold” Rating from CIBC

Sandstorm Gold (NYSEAMERICAN:SAND)‘s stock had its “hold” rating restated by equities researchers at CIBC in a report issued on Monday, TipRanks reports.

A number of other research analysts also recently issued reports on SAND. 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. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, one has given 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 $6.00.

NYSEAMERICAN:SAND traded up $0.25 during midday trading on Monday, reaching $5.90. 1,815,263 shares of the stock traded hands, compared to its average volume of 1,302,572. Sandstorm Gold has a 12 month low of $3.47 and a 12 month high of $5.92.

Sandstorm Gold (NYSEAMERICAN:SAND) last posted its quarterly earnings results on Tuesday, May 7th. The mining company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $18.17 million for the quarter, compared to the consensus estimate of $17.00 million.

A number of institutional investors have recently modified their holdings of SAND. Great West Life Assurance Co. Can grew its position in shares of Sandstorm Gold by 4.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 10,476,636 shares of the mining company’s stock worth $57,057,000 after buying an additional 440,814 shares during the period. Deutsche Bank AG grew its position in shares of Sandstorm Gold by 13.6% in the 4th quarter. Deutsche Bank AG now owns 3,394,234 shares of the mining company’s stock worth $15,647,000 after buying an additional 405,262 shares during the period. Bank of Montreal Can grew its position in shares of Sandstorm Gold by 41.0% in the 1st quarter. Bank of Montreal Can now owns 2,425,277 shares of the mining company’s stock worth $13,291,000 after buying an additional 705,198 shares during the period. Waratah Capital Advisors Ltd. purchased a new stake in shares of Sandstorm Gold in the 1st quarter worth about $9,970,000. Finally, Jennison Associates LLC purchased a new stake in shares of Sandstorm Gold in the 1st quarter worth about $8,817,000.

Sandstorm Gold Company Profile

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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Analyst Recommendations for Sandstorm Gold (NYSEAMERICAN:SAND)

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