Sandstorm Gold Ltd (TSE:SSL) – Equities researchers at Raymond James raised their Q3 2019 earnings per share (EPS) estimates for Sandstorm Gold in a research report issued to clients and investors on Friday, October 18th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. Raymond James currently has a “Outperform” rating and a $6.75 target price on the stock.
SSL has been the topic of several other reports. TD Securities increased their price objective on shares of Sandstorm Gold from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Canaccord Genuity increased their price objective on shares of Sandstorm Gold from C$9.50 to C$10.50 in a research report on Friday, July 19th. National Bank Financial increased their price objective on shares of Sandstorm Gold from C$9.25 to C$10.50 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Finally, CIBC increased their price objective on shares of Sandstorm Gold from C$8.50 to C$9.25 in a research report on Wednesday, August 14th.
Shares of SSL stock opened at C$7.66 on Monday. Sandstorm Gold has a one year low of C$4.60 and a one year high of C$9.21. The company’s 50-day moving average is C$7.73 and its 200 day moving average is C$7.63. The company has a market capitalization of $1.37 billion and a price-to-earnings ratio of 153.20. The company has a debt-to-equity ratio of 7.33, a quick ratio of 5.97 and a current ratio of 6.13.
Sandstorm Gold (TSE:SSL) last announced its quarterly earnings data on Monday, August 12th. The company reported C$0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.02. The firm had revenue of C$28.75 million for the quarter, compared to analysts’ expectations of C$31.05 million.
In other Sandstorm Gold news, Director Andrew Swarthout sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$8.22, for a total transaction of C$32,894.40. Following the transaction, the director now owns 6,334 shares in the company, valued at approximately C$52,088.28. Also, Director David Awram sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of C$8.55, for a total transaction of C$427,500.00. Following the transaction, the director now owns 478,440 shares in the company, valued at approximately C$4,090,662. Insiders have sold a total of 66,300 shares of company stock worth $566,789 over the last three months.
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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