Sandstorm Gold Ltd (NYSEAMERICAN:SAND) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 638,800 shares, an increase of 15.3% from the January 15th total of 553,900 shares. Based on an average daily volume of 1,840,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.
Sandstorm Gold stock opened at $7.13 on Friday. Sandstorm Gold has a 1 year low of $4.96 and a 1 year high of $7.67.
Sandstorm Gold (NYSEAMERICAN:SAND) last released its quarterly earnings data on Thursday, February 13th. The mining company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. The firm had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $23.00 million.
SAND has been the subject of several analyst reports. Zacks Investment Research raised Sandstorm Gold from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Wednesday. Raymond James set a $7.00 target price on Sandstorm Gold and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, CIBC upgraded Sandstorm Gold from a “neutral” rating to a “sector outperform” rating and set a $11.25 price target on the stock in a report on Thursday, October 31st. Four research analysts have rated the stock with a buy rating, Sandstorm Gold has an average rating of “Buy” and a consensus target price of $8.67.
Sandstorm Gold Company Profile
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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