Canaccord Genuity Stick to Their Buy Rating for Sandstorm Gold By Investing.com – Investing.com

SourceInvesting.com
SectorOil & Gas
CountryMiddle east

Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Sandstorm Gold (NYSE:) on Monday, setting a price target of C$11.5, which is approximately 29.68% above the present share price of $7.08. MacRury expects Sandstorm Gold to post earnings per share (EPS) of $0.05 for the second quarter of 2021. The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Sandstorm Gold, with an average price target of $10.02.The analysts price targets range from a high of $14.75 to a low of $8. In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $29.7 million and a net profit of $13.37 million. The company's market cap is $1.38 billion. According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.3% and a 62.21% success rate. 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 ...read more...