RBC Capital analyst Melissa Oliphant maintained a Buy rating on Sandstorm Gold (SAND) on May 15 and set a price target of C$11.00. The company’s shares closed last Friday at $8.55, close to its 52-week high of $8.69.
Oliphant has an average return of 40.4% when recommending Sandstorm Gold.
According to TipRanks.com, Oliphant is ranked #1776 out of 6550 analysts.
Currently, the analyst consensus on Sandstorm Gold is a Strong Buy with an average price target of $9.80, which is a 15.8% upside from current levels. In a report issued on May 7, Canaccord Genuity also maintained a Buy rating on the stock with a C$11.00 price target.
See today’s analyst top recommended stocks >>
Based on Sandstorm Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $21.33 million and GAAP net loss of $10.34 million. In comparison, last year the company earned revenue of $18.17 million and had a net profit of $2.5 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Aurizona, Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream. The company was founded by Nolan Watson and David I. Awram in 2008 and is headquartered in Vancouver, Canada.
