Sandstorm Gold Ltd. SAND was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 20.6% in the past one-month time frame.
The move came after the company reported record gold equivalent production for the year 2017.
The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Sandstorm Gold. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Sandstorm Gold currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Mining – Gold industry is Golden Star Resources, Ltd GSS which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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