Sandstorm Gold (NYSEAMERICAN:SAND) announced its earnings results on Thursday. The mining company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, Fidelity Earnings reports. The business had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $23.00 million.

Sandstorm Gold stock traded up $0.23 during midday trading on Friday, reaching $7.13. The company had a trading volume of 1,788,300 shares, compared to its average volume of 1,789,998. Sandstorm Gold has a 12-month low of $4.96 and a 12-month high of $7.67.

A number of research firms recently issued reports on SAND. Raymond James set a $7.00 price target on shares of Sandstorm Gold and gave the company an “outperform” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday. Finally, CIBC raised shares of Sandstorm Gold from a “neutral” rating to a “sector outperform” rating and set a $11.25 price objective on the stock in a report on Thursday, October 31st. Five analysts have rated the stock with a buy rating, Sandstorm Gold presently has a consensus rating of “Buy” and a consensus target price of $8.67.

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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Earnings History for Sandstorm Gold (NYSEAMERICAN:SAND)

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