Sandstorm Gold (NYSEAMERICAN:SAND) Announces Earnings Results, Misses Expectations By $0.01 EPS

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Sandstorm Gold (NYSEAMERICAN:SAND) released its earnings results on Monday. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), Fidelity Earnings reports. The company had revenue of $21.49 million for the quarter, compared to analysts’ expectations of $23.00 million.

SAND opened at $6.34 on Wednesday. Sandstorm Gold has a 12-month low of $3.47 and a 12-month high of $7.02.

A number of research firms recently issued reports on SAND. Canaccord Genuity restated a “buy” rating on shares of Sandstorm Gold in a report on Friday, July 19th. Zacks Investment Research downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Saturday. Finally, CIBC restated a “hold” rating on shares of Sandstorm Gold in a report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $6.63.

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.

Read More: The limitations of an equal weight rating

Earnings History for Sandstorm Gold (NYSEAMERICAN:SAND)

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