Zacks Investment Research upgraded shares of Sandstorm Gold (NYSEAMERICAN:SAND) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $5.50 price target on the mining company’s stock.
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, BMO Capital Markets set a $5.00 price target on Sandstorm Gold and gave the stock a hold rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Sandstorm Gold has an average rating of Hold and a consensus price target of $5.88.
Shares of Sandstorm Gold opened at $4.43 on Tuesday, Marketbeat Ratings reports. Sandstorm Gold has a 12-month low of $4.50 and a 12-month high of $4.59.
Sandstorm Gold (NYSEAMERICAN:SAND) last issued its quarterly earnings results on Wednesday, May 9th. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $19.47 million for the quarter, compared to analyst estimates of $19.00 million.
Hedge funds have recently modified their holdings of the company. Natixis acquired a new position in shares of Sandstorm Gold during the first quarter worth $110,000. Highstreet Asset Management Inc. acquired a new position in shares of Sandstorm Gold during the fourth quarter worth $143,000. Tower Research Capital LLC TRC increased its position in shares of Sandstorm Gold by 283.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 29,524 shares of the mining company’s stock worth $185,000 after purchasing an additional 21,824 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Sandstorm Gold during the first quarter worth $229,000. Finally, Millennium Management LLC acquired a new position in shares of Sandstorm Gold during the fourth quarter worth $259,000.
Sandstorm Gold Company Profile
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.
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