Research Analysts Set Expectations for Sandstorm Gold Ltd’s FY2017 Earnings (SSL)
Sandstorm Gold Ltd (TSE:SSL) (NASDAQ:SAND) – Investment analysts at National Bank Financial raised their FY2017 earnings per share estimates for shares of Sandstorm Gold in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the firm will post earnings of $0.13 per share for the year, up from their previous estimate of $0.09. National Bank Financial also issued estimates for Sandstorm Gold’s FY2018 earnings at $0.20 EPS.
A number of other research analysts have also issued reports on SSL. TD Securities raised their price objective on shares of Sandstorm Gold from C$8.50 to C$9.50 and gave the company a “buy” rating in a report on Thursday, August 4th. Canaccord Genuity increased their target price on shares of Sandstorm Gold from C$8.00 to C$9.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. CIBC increased their target price on shares of Sandstorm Gold from C$7.50 to C$8.50 in a research report on Saturday, August 6th. Finally, Raymond James Financial Inc. increased their target price on shares of Sandstorm Gold from C$7.25 to C$8.50 in a research report on Friday, September 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$7.41.
Shares of Sandstorm Gold (TSE:SSL) opened at 5.22 on Monday. Sandstorm Gold has a 12 month low of $2.82 and a 12 month high of $8.73. The stock has a 50 day moving average of $6.22 and a 200-day moving average of $6.43. The company’s market cap is $785.09 million.
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