Skip to main content

FY2021 EPS Estimates for Sandstorm Gold Ltd. (NYSE:SAND) Lowered by Cormark

Last updated on Tuesday, May 4, 2021 | 2021 MarketBeat

Sandstorm Gold Ltd. (NYSE:SAND) - Stock analysts at Cormark cut their FY2021 earnings per share (EPS) estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Monday, May 3rd. Cormark analyst R. Gray now forecasts that the company will earn $0.12 per share for the year, down from their previous forecast of $0.18. Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, April 29th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Sandstorm Gold had a net margin of 11.03% and a return on equity of 3.06%.

A number of other analysts have also issued reports on SAND. Raymond James lowered their price target on Sandstorm Gold from $9.50 to $9.00 and set a "market perform" rating for the company in a report on Monday. CIBC lowered their target price on Sandstorm Gold from $16.75 to $13.50 and set an "outperform" rating for the company in a report on Monday, February 8th. National Bank Financial restated an "outperform" rating on shares of Sandstorm Gold in a report on Friday, February 12th. Zacks Investment Research upgraded Sandstorm Gold from a "sell" rating to a "hold" rating in a report on Saturday, February 13th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $8.00 target price on shares of Sandstorm Gold in a report on Friday. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Sandstorm Gold has a consensus rating of "Buy" and a consensus price target of $12.49.

Shares of NYSE:SAND opened at $7.80 on Tuesday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 195.05 and a beta of 1.05. The stock has a 50 day moving average price of $7.31 and a 200-day moving average price of $7.07. Sandstorm Gold has a 52-week low of $5.96 and a 52-week high of $10.63.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at $69,000. Credit Suisse AG increased its position in shares of Sandstorm Gold by 1.1% in the 4th quarter. Credit Suisse AG now owns 220,885 shares of the company's stock valued at $1,583,000 after acquiring an additional 2,352 shares during the period. Pendal Group Limited acquired a new stake in Sandstorm Gold during the 4th quarter worth about $340,000. Dynamic Technology Lab Private Ltd acquired a new stake in Sandstorm Gold during the 4th quarter worth about $851,000. Finally, Van ECK Associates Corp grew its position in 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 purchasing an additional 1,713,075 shares during the period. 39.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: How Do Front-End Loads Impact an Investment?

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: What is a dead cat bounce?


7 Undervalued Stocks That Deserve More Attention

With the Dow Jones Industrial Average (DJIA) hitting new highs seemingly every day, it may seem like the wrong time to be looking at undervalued stocks. Or is it?

From cannabis to cryptocurrencies, and let’s not forget electric vehicles the market seems to be blowing bubbles wherever you look. And that’s why now may be exactly the right time to zig while the market is sagging. And that means looking for undervalued stocks.

But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.

However, the general idea is that you’re looking for stocks that are trading below their fair value.

In some cases, these may be stocks whose financials are stronger than other stocks in their sector, but it’s trading at a lower price. In other cases, a company may have potential that is not reflected in its stock price. Put another way, undervalued stocks are stocks that have room to grow. That’s why they deserve a place in your portfolio.

And that’s why we’ve put together this special presentation on stocks that are undervalued right at this time. An investment in these companies is likely to be rewarded because the stocks are moving under the radar from the broader market.

View the "7 Undervalued Stocks That Deserve More Attention".


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.