Sandstorm Gold Ltd (NYSEAMERICAN:SAND) – Investment analysts at National Bank Financial increased their FY2019 earnings estimates for shares of Sandstorm Gold in a research report issued to clients and investors on Wednesday, November 14th. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings of $0.08 per share for the year, up from their previous estimate of $0.04.

Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings data on Wednesday, November 14th. The mining company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $10.77 million for the quarter, compared to analysts’ expectations of $19.00 million.

A number of other analysts have also recently commented on the stock. Zacks Investment Research raised shares of Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. TD Securities reaffirmed a “buy” rating on shares of Sandstorm Gold in a report on Thursday, November 15th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Sandstorm Gold in a report on Sunday, October 21st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Sandstorm Gold currently has a consensus rating of “Buy” and a consensus price target of $5.83.

SAND opened at $3.97 on Monday. Sandstorm Gold has a twelve month low of $3.47 and a twelve month high of $5.64.

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its stake in shares of Sandstorm Gold by 7.5% in the second quarter. Van ECK Associates Corp now owns 22,575,858 shares of the mining company’s stock worth $101,591,000 after purchasing an additional 1,578,431 shares in the last quarter. AGF Investments Inc. increased its stake in shares of Sandstorm Gold by 3.8% in the second quarter. AGF Investments Inc. now owns 501,000 shares of the mining company’s stock worth $2,252,000 after purchasing an additional 18,200 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Sandstorm Gold by 56.8% in the second quarter. Renaissance Technologies LLC now owns 345,200 shares of the mining company’s stock worth $1,553,000 after purchasing an additional 125,000 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Sandstorm Gold by 110.3% in the first quarter. Royal Bank of Canada now owns 60,072 shares of the mining company’s stock worth $286,000 after purchasing an additional 31,513 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Sandstorm Gold in the second quarter worth $405,000.

About Sandstorm Gold

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.

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

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