Canaccord Genuity Downgrades Sandstorm Gold Ltd to Hold

Brokerage firm Canaccord Genuity Downgrades its rating on Sandstorm Gold Ltd(NYSEMKT:SAND). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Canaccord Genuity was issued on Sep 15, 2016.

In a different note, On Jul 11, 2016, TD Securities said it Upgrades its rating on Sandstorm Gold Ltd. The shares have been rated ‘Buy’ by the firm.

Sandstorm Gold Ltd (SAND) shares turned negative on Tuesdays trading session with the shares closing down -0.11 points or -2.04% at a volume of 19,03,630. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.43. The peak price level was also seen at $5.43 while the days lowest was $5.19. Finally the shares closed at $5.27. The 52-week high of the shares is $6.75 while the 52-week low is $1.94. According to the latest information available, the market cap of the company is $793 M.

Sandstorm Gold Ltd(SAND) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.04. Analysts had estimated an EPS of $0.01.

Sandstorm Gold Ltd. is a resource-based Company. The Company’s operations include Aurizona Mine and the Serra Pelada Mine are located in Brazil the Santa Elena Mine is located in Mexico the Emigrant Springs Mine and the Mt. Hamilton Project are located in the United States of America the Deflector Project is located in Australia the Gualcamayo Mine is located in Argentina MWS is located in South Africa the Hugo North Extension and Heruga projects are located in Mongolia the Karma Project is located in Burkina Faso and each of the Ming Mine the Black Fox Mine Bachelor Lake Mine Prairie Creek Project and the Bracemac-McLeod Mine are located in Canada. The Hugo North Extension is a copper-gold porphyry deposit and Heruga is a copper gold-molybdenum porphyry deposit located in the South Gobi desert of Mongolia. The Deflector Project is a gold and copper deposit located in the South Murchison Western Australia.

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