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.
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