Sandstorm Gold (NYSEAMERICAN:SAND) Given a $7.00 Price Target by Raymond James Analysts

Raymond James set a $7.00 price objective on Sandstorm Gold (NYSEAMERICAN:SAND) in a research report released on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the mining company’s stock. Raymond James also issued estimates for Sandstorm Gold’s FY2019 earnings at $0.09 EPS.

A number of other equities research analysts have also recently weighed in on SAND. Canaccord Genuity restated a buy rating on shares of Sandstorm Gold in a report on Friday, August 23rd. TheStreet upgraded shares of Sandstorm Gold from a c+ rating to a b rating in a report on Wednesday, August 21st. CIBC upgraded shares of Sandstorm Gold from a neutral rating to a sector outperform rating and set a $11.25 price objective on the stock in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Sandstorm Gold from a hold rating to a buy rating and set a $6.75 target price on the stock in a research note on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, Sandstorm Gold currently has a consensus rating of Buy and a consensus target price of $8.33.

SAND traded down $0.06 during midday trading on Friday, reaching $7.04. The company’s stock had a trading volume of 2,720,390 shares, compared to its average volume of 1,552,882. Sandstorm Gold has a 1 year low of $3.47 and a 1 year high of $7.20.

Sandstorm Gold (NYSEAMERICAN:SAND) last announced its quarterly earnings data on Wednesday, October 30th. The mining company reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.03. The business had revenue of $17.72 million during the quarter, compared to analysts’ expectations of $25.00 million.

Several hedge funds and other institutional investors have recently modified their holdings of SAND. Morgan Stanley lifted its position in Sandstorm Gold by 28.6% during the second quarter. Morgan Stanley now owns 4,713,412 shares of the mining company’s stock valued at $26,113,000 after purchasing an additional 1,048,301 shares during the period. Great West Life Assurance Co. Can lifted its position in Sandstorm Gold by 8.2% during the third quarter. Great West Life Assurance Co. Can now owns 10,023,622 shares of the mining company’s stock valued at $56,605,000 after purchasing an additional 756,744 shares during the period. Marshall Wace LLP lifted its position in Sandstorm Gold by 320.6% during the second quarter. Marshall Wace LLP now owns 870,623 shares of the mining company’s stock valued at $4,827,000 after purchasing an additional 663,627 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Sandstorm Gold by 271.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 741,421 shares of the mining company’s stock valued at $4,115,000 after purchasing an additional 541,954 shares during the period. Finally, Bank of Montreal Can lifted its position in Sandstorm Gold by 21.6% during the second quarter. Bank of Montreal Can now owns 2,949,147 shares of the mining company’s stock valued at $16,339,000 after purchasing an additional 523,870 shares during the period.

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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