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Sandstorm Gold: 1Q Earnings Snapshot

VANCOUVER, British Columbia (AP) _ Sandstorm Gold Ltd. (SAND) on Tuesday reported first-quarter profit of $2.5 million.

The Vancouver, British Columbia-based company said it had net income of 1 cent per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The provider of financing for gold mining companies posted revenue of $18.2 million in the period.

Sandstorm Gold shares have increased 11% since the beginning of the year. The stock has climbed nearly 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAND at https://www.zacks.com/ap/SAND