Sandstorm Gold (NYSE:SAND – Get Rating) will issue its quarterly earnings data after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Sandstorm Gold (NYSE:SAND – Get Rating) last announced its earnings results on Wednesday, May 11th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $35.37 million for the quarter. Sandstorm Gold had a net margin of 26.67% and a return on equity of 5.23%. On average, analysts expect Sandstorm Gold to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Sandstorm Gold Stock Performance
SAND stock opened at $5.64 on Thursday. The company has a market capitalization of $1.16 billion, a PE ratio of 35.25 and a beta of 0.98. Sandstorm Gold has a one year low of $5.30 and a one year high of $9.18. The company’s 50 day moving average price is $6.11 and its two-hundred day moving average price is $6.86.
Sandstorm Gold Dividend Announcement
Analyst Ratings Changes
A number of analysts have recently commented on the stock. Raymond James dropped their target price on shares of Sandstorm Gold from $10.00 to $9.75 and set an “outperform” rating on the stock in a report on Friday, May 13th. Canaccord Genuity Group upped their price target on shares of Sandstorm Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Tuesday, May 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $7.50 target price (down from $8.50) on shares of Sandstorm Gold in a report on Thursday, June 23rd. HC Wainwright reissued a “buy” rating and issued a $14.75 target price on shares of Sandstorm Gold in a report on Tuesday, May 3rd. Finally, National Bank Financial upped their price target on Sandstorm Gold from C$10.00 to C$12.50 in a research note on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.69.
Institutional Trading of Sandstorm Gold
Several large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its holdings in shares of Sandstorm Gold by 0.9% in the 1st quarter. Guggenheim Capital LLC now owns 181,228 shares of the company’s stock valued at $1,464,000 after buying an additional 1,614 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Sandstorm Gold in the 1st quarter valued at about $25,000. JPMorgan Chase & Co. increased its holdings in shares of Sandstorm Gold by 0.9% in the 1st quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company’s stock valued at $5,045,000 after acquiring an additional 5,545 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Sandstorm Gold by 9.7% in the 1st quarter. Moors & Cabot Inc. now owns 66,700 shares of the company’s stock valued at $539,000 after purchasing an additional 5,900 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Sandstorm Gold by 20.6% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 48,331 shares of the company’s stock valued at $391,000 after purchasing an additional 8,256 shares during the period. 40.33% of the stock is currently owned by hedge funds and other institutional investors.
Sandstorm Gold Company Profile
Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a 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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