Sandstorm Gold (NYSE:SAND - Free Report) had its target price lowered by Scotiabank from $6.50 to $6.25 in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.
Sandstorm Gold Price Performance
Sandstorm Gold stock remained flat at $5.42 during mid-day trading on Thursday. The company had a trading volume of 1,573,641 shares, compared to its average volume of 2,428,593. The stock's 50-day moving average is $4.80 and its 200 day moving average is $4.77. The firm has a market cap of $1.61 billion, a P/E ratio of 38.68 and a beta of 1.10. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.30. Sandstorm Gold has a 1 year low of $3.96 and a 1 year high of $6.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $46.30 million. Sandstorm Gold had a return on equity of 2.89% and a net margin of 23.22%. As a group, analysts forecast that Sandstorm Gold will post 0.07 EPS for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th will be given a $0.0147 dividend. This represents a $0.06 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, April 15th. Sandstorm Gold's dividend payout ratio is currently 21.43%.
Institutional Trading of Sandstorm Gold
Several institutional investors have recently modified their holdings of SAND. JPMorgan Chase & Co. grew its holdings in shares of Sandstorm Gold by 0.9% during the 1st quarter. JPMorgan Chase & Co. now owns 624,378 shares of the company's stock worth $5,045,000 after purchasing an additional 5,545 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Sandstorm Gold during the 1st quarter worth approximately $109,000. HighTower Advisors LLC grew its holdings in shares of Sandstorm Gold by 86.9% during the 1st quarter. HighTower Advisors LLC now owns 76,112 shares of the company's stock worth $610,000 after purchasing an additional 35,396 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Sandstorm Gold during the 1st quarter worth approximately $25,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Sandstorm Gold by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 479,714 shares of the company's stock worth $3,876,000 after purchasing an additional 36,875 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Company Profile
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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.
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