Sandstorm Gold (NYSE:SAND) Price Target Raised to $11.75

Sandstorm Gold (NYSE:SAND - Free Report) had its price objective increased by HC Wainwright from $11.50 to $11.75 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Raymond James set a $9.75 target price on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday. Finally, Scotiabank upped their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $9.25.

Sandstorm Gold Stock Performance

Shares of NYSE SAND traded up $0.28 during mid-day trading on Thursday, hitting $8.81. The stock had a trading volume of 6,579,392 shares, compared to its average volume of 3,597,253. The company has a 50 day moving average of $7.58 and a two-hundred day moving average of $6.45. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $8.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. The firm has a market cap of $2.59 billion, a PE ratio of 176.24 and a beta of 0.48.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Research analysts predict that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Sandstorm Gold's payout ratio is presently 50.00%.

Institutional Trading of Sandstorm Gold

A number of hedge funds have recently bought and sold shares of SAND. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $56,000. Lifeworks Advisors LLC acquired a new stake in shares of Sandstorm Gold in the 4th quarter worth $57,000. Meixler Investment Management Ltd. purchased a new position in shares of Sandstorm Gold during the 4th quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Sandstorm Gold during the 4th quarter worth $72,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after acquiring an additional 2,416 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Company Profile

Sandstorm Gold Ltd. operates as a gold royalty company. The company focuses on acquiring royalties and gold and other metals purchase agreements from companies that have advanced stage operating mines. It offers upfront payments for companies to acquire a stream and receives the right to purchase a percentage of a mine's production for the life of the mine.