Sandstorm Gold (NYSEAMERICAN:SAND) had its target price raised by analysts at Raymond James from $5.75 to $6.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. Raymond James’ price target points to a potential upside of 4.35% from the stock’s current price.
A number of other equities analysts have also issued reports on SAND. Zacks Investment Research raised Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Royal Bank of Canada reissued a “buy” rating on shares of Sandstorm Gold in a report on Thursday, February 14th. Canaccord Genuity reissued a “buy” rating on shares of Sandstorm Gold in a report on Monday, January 21st. Finally, TD Securities reaffirmed a “buy” rating on shares of Sandstorm Gold in a report on Thursday, November 15th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.75.
Get Sandstorm Gold alerts:
Shares of SAND stock traded up $0.13 during mid-day trading on Thursday, hitting $5.75. 127,260 shares of the stock were exchanged, compared to its average volume of 1,341,779. Sandstorm Gold has a 12-month low of $3.47 and a 12-month high of $5.82.
Sandstorm Gold (NYSEAMERICAN:SAND) last issued its quarterly earnings data on Tuesday, February 19th. The mining company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $17.46 million for the quarter, compared to analysts’ expectations of $17.00 million.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings in Sandstorm Gold by 125.7% in the 4th quarter. Legal & General Group Plc now owns 6,896 shares of the mining company’s stock valued at $32,000 after purchasing an additional 3,840 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Sandstorm Gold by 50.0% during the 4th quarter. Arcadia Investment Management Corp MI now owns 7,500 shares of the mining company’s stock valued at $35,000 after acquiring an additional 2,500 shares during the period. Geode Capital Management LLC lifted its position in shares of Sandstorm Gold by 61.2% during the 4th quarter. Geode Capital Management LLC now owns 18,071 shares of the mining company’s stock valued at $82,000 after acquiring an additional 6,863 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Sandstorm Gold during the 4th quarter valued at approximately $108,000. Finally, Gamble Jones Investment Counsel acquired a new stake in shares of Sandstorm Gold during the 3rd quarter valued at approximately $112,000.
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.
Further Reading: 12b-1 Fees