TD Cowen downgrades Sandstorm Gold (SAND) to a Sell
Sandstorm Gold received a Sell rating and price target from TD Cowen analyst Derick Ma today. The company’s shares opened today at $9.81.
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Ma covers the Basic Materials sector, focusing on stocks such as Sandstorm Gold, Faraday Copper, and Triple Flag Precious Metals. According to TipRanks, Ma has an average return of 8.4% and a 45.45% success rate on recommended stocks.
Sandstorm Gold has an analyst consensus of Moderate Buy, with a price target consensus of $10.46.
Based on Sandstorm Gold’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $50.07 million and a net profit of $10.5 million. In comparison, last year the company earned a revenue of $42.81 million and had a GAAP net loss of $4.2 million
Read More on SAND:
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