Sandstorm Gold (NYSE:SAND) Shares Gap Down to $5.52

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $5.52, but opened at $5.30. Sandstorm Gold shares last traded at $5.37, with a volume of 930,782 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank dropped their price objective on Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating for the company in a research note on Thursday.

Sandstorm Gold Trading Down 4.8 %

The business has a fifty day simple moving average of $4.84 and a 200 day simple moving average of $4.79. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 37.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.32 and a current ratio of 3.32.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. The firm had revenue of $44.50 million for the quarter, compared to analysts' expectations of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.07 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.0147 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, April 15th. Sandstorm Gold's dividend payout ratio (DPR) is presently 21.43%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds have recently made changes to their positions in the business. Shell Asset Management Co. boosted its holdings in shares of Sandstorm Gold by 13.6% during the third quarter. Shell Asset Management Co. now owns 20,100 shares of the company's stock worth $94,000 after purchasing an additional 2,400 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Sandstorm Gold by 0.9% during the third quarter. Raymond James & Associates now owns 286,451 shares of the company's stock worth $1,335,000 after purchasing an additional 2,441 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Sandstorm Gold by 20.8% during the third quarter. Bank of New York Mellon Corp now owns 18,103 shares of the company's stock worth $84,000 after purchasing an additional 3,115 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Sandstorm Gold by 20.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,213 shares of the company's stock worth $104,000 after purchasing an additional 3,766 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of Sandstorm Gold by 2.9% during the third quarter. Moors & Cabot Inc. now owns 139,850 shares of the company's stock worth $652,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

About Sandstorm Gold

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.