Sandstorm Gold (NYSEAMERICAN:SAND) Issues Quarterly Earnings Results
Sandstorm Gold (NYSEAMERICAN:SAND) released its quarterly earnings data on Monday. The mining company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01), Fidelity Earnings reports. The business had revenue of $21.49 million for the quarter, compared to analyst estimates of $23.00 million.
Shares of Sandstorm Gold stock traded down $0.18 on Tuesday, reaching $6.34. The stock had a trading volume of 243,569 shares, compared to its average volume of 1,473,594. Sandstorm Gold has a 1 year low of $3.47 and a 1 year high of $7.02.
Several equities research analysts have commented on SAND shares. CIBC reaffirmed a “hold” rating on shares of Sandstorm Gold in a report on Monday, July 15th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sandstorm Gold in a report on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $6.63.
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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