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. “
SAND has been the topic of a number of other research reports. CIBC upgraded Sandstorm Gold from a neutral rating to a sector outperform rating and set a $11.25 price target on the stock in a research report on Thursday, October 31st. Raymond James set a $7.00 price target on Sandstorm Gold and gave the stock an outperform rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $8.33.
Sandstorm Gold (NYSEAMERICAN:SAND) last issued its quarterly earnings results on Wednesday, October 30th. The mining company reported $0.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company had revenue of $17.72 million during the quarter, compared to the consensus estimate of $25.00 million.
Institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its holdings in shares of Sandstorm Gold by 95.8% during the second quarter. Mackenzie Financial Corp now owns 433,167 shares of the mining company’s stock worth $2,400,000 after purchasing an additional 211,938 shares during the last quarter. Barclays PLC bought a new stake in shares of Sandstorm Gold during the third quarter worth about $442,000. Sigma Planning Corp grew its holdings in shares of Sandstorm Gold by 20.4% during the third quarter. Sigma Planning Corp now owns 13,600 shares of the mining company’s stock worth $77,000 after purchasing an additional 2,300 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of 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 worth $56,605,000 after purchasing an additional 756,744 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of Sandstorm Gold during the third quarter worth about $282,000.
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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