Sandstorm Gold Ltd. (NYSE:SAND) – Equities research analysts at Raymond James lowered their Q3 2021 earnings estimates for shares of Sandstorm Gold in a report issued on Monday, April 5th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.04 per share for the quarter, down from their previous estimate of $0.05. Raymond James has a “Market Perform” rating and a $9.50 price target on the stock. Raymond James also issued estimates for Sandstorm Gold’s Q4 2021 earnings at $0.04 EPS.

Several other research analysts have also issued reports on SAND. Roth Capital assumed coverage on Sandstorm Gold in a research report on Wednesday, December 16th. They set a “buy” rating and a $10.00 target price on the stock. Zacks Investment Research raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Saturday, February 13th. HC Wainwright reissued a “buy” rating on shares of Sandstorm Gold in a report on Tuesday. CIBC decreased their target price on shares of Sandstorm Gold from $16.75 to $13.50 and set an “outperform” rating for the company in a research report on Monday, February 8th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Sandstorm Gold in a research report on Friday, February 12th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $13.04.

Shares of SAND opened at $7.19 on Thursday. Sandstorm Gold has a 12 month low of $5.57 and a 12 month high of $10.63. The stock has a fifty day moving average price of $6.70 and a 200-day moving average price of $7.05. The firm has a market cap of $1.40 billion, a PE ratio of 179.79 and a beta of 1.05.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, February 11th. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. Sandstorm Gold had a net margin of 11.03% and a return on equity of 3.06%. The company had revenue of $29.70 million during the quarter.

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Sandstorm Gold by 8.3% during the 4th quarter. Van ECK Associates Corp now owns 22,282,858 shares of the company’s stock worth $159,768,000 after buying an additional 1,713,075 shares during the period. Morgan Stanley increased its holdings in Sandstorm Gold by 64.8% in the 4th quarter. Morgan Stanley now owns 3,821,864 shares of the company’s stock worth $27,402,000 after acquiring an additional 1,502,435 shares in the last quarter. Euro Pacific Asset Management LLC raised its position in Sandstorm Gold by 216.5% during the third quarter. Euro Pacific Asset Management LLC now owns 1,716,683 shares of the company’s stock worth $14,489,000 after acquiring an additional 1,174,280 shares during the period. Intact Investment Management Inc. purchased a new position in Sandstorm Gold during the fourth quarter valued at $5,633,000. Finally, First Trust Advisors LP acquired a new stake in shares of Sandstorm Gold in the first quarter valued at about $727,000. Institutional investors and hedge funds own 39.01% of the company’s stock.

About Sandstorm Gold

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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Earnings History and Estimates for Sandstorm Gold (NYSE:SAND)

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