The stock of Sandstorm Gold Ltd (NYSEMKT:SAND) is a huge mover today! About 612,738 shares traded hands. Sandstorm Gold Ltd (NYSEMKT:SAND) has risen 50.48% since March 11, 2016 and is uptrending. It has outperformed by 45.02% the S&P500.
The move comes after 5 months negative chart setup for the $703.88 million company. It was reported on Oct, 14 by Barchart.com. We have $4.16 PT which if reached, will make NYSEMKT:SAND worth $56.31 million less.
Analysts await Sandstorm Gold Ltd (NYSEMKT:SAND) to report earnings on November, 10. They expect $0.01 earnings per share, up 120.00% or $0.06 from last year’s $-0.05 per share. SAND’s profit will be $1.56 million for 113.00 P/E if the $0.01 EPS becomes a reality. After $0.04 actual earnings per share reported by Sandstorm Gold Ltd for the previous quarter, Wall Street now forecasts -75.00% negative EPS growth.
According to Zacks Investment Research, “Sandstorm Gold Ltd. is a gold streaming company engaged in providing upfront financing for gold mining companies. It focuses on completing gold purchase agreements with gold mining companies that have advanced stage development projects or operating mines. Sandstorm Gold Ltd. is headquartered in Vancouver, Canada.”
More recent Sandstorm Gold Ltd (NYSEMKT:SAND) news were published by: Fool.ca which released: “3 Reason to Buy Sandstorm Gold Ltd.” on August 11, 2016. Also Seekingalpha.com published the news titled: “Sandstorm Gold: The Pullback I’ve Been Waiting For” on September 29, 2016. Marketwired.com‘s news article titled: “Sandstorm Gold Announces Bought Deal Financing” with publication date: June 27, 2016 was also an interesting one.
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