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Sandstorm Gold Ltd. (NYSEAMERICAN: SAND) – Cormark's research badysts reduced their earnings estimates for the second quarter of 2018 for Sandstorm Gold shares in a note issued to investors on Friday, July 20. R. Gray, a Cormark badyst, is now expecting the mining company to report earnings per share of $ 0.02 for the quarter, down from its previous estimate of $ 0.03.
Sandstorm Gold (NYSEAMERICAN: SAND) last published its quarterly results on Wednesday, May 9th. The mining company reported earnings per share (EPS) of $ 0.01 for the quarter, which is Thomson Reuters' consensus estimate of $ 0.01. The company achieved a turnover of $ 19.47 million for the quarter, compared to the consensus estimate of $ 19.00 million.
Separately, Zacks Investment Research elevated Sandstorm Gold from a "sell" rating to a "hold" rating in a research note on Saturday, April 7th. Two equity research badysts evaluated the stock with a sales note, two badigned a reserve rating and one attributed a purchase note to the stock. The stock has a consensual rating of "Hold" and a consensus target price of $ 5.83
NYSEAMERICAN: SAND opened at $ 4.35 on Monday. Sandstorm Gold reached its lowest level in 52 weeks at $ 3.83 and its highest level in 52 weeks at $ 5.64.
A number of hedge funds and other institutional investors have recently added or reduced their holdings in the company. Bank of Montreal Can increased its position in Sandstorm Gold by 11.8% in the second quarter. Bank of Montreal Can now owns 3,197,078 shares of the mining company valued at $ 14,386,000 after purchasing an additional 336,749 shares in the last quarter. Arlington Partners LLC purchased a new investment in Sandstorm Gold during the second quarter, valued at approximately $ 245,000. Royal Bank of Canada increased its position in Sandstorm Gold by 110.3% in the first quarter. Royal Bank of Canada now holds 60,072 shares of the mining company valued at $ 286,000 after purchasing an additional 31,513 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta, represented by Alberta Investment Management Corp., purchased a new interest in Sandstorm Gold during the first quarter, valued at approximately $ 229,000. Finally, Millennium Management LLC increased its position in Sandstorm Gold by 289.5% in the first quarter. Millennium Management LLC now holds 202,087 shares of the mining company valued at $ 962,000 following the purchase of an additional 150,202 shares during the last quarter.
About Sandstorm Gold
Sandstorm Gold Ltd. operates as a gold and royalty distribution company. It has a portfolio of 174 water courses and royalties in Canada, the United States, Australia, Honduras, Brazil, Peru, Chile, Argentina, Australia, Turkey, French Guyana, South Africa, Paraguay, Botswana, Sweden , Mongolia, Mexico and Cote d'Ivoire
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