Sandstorm Gold's (SAND) Buy Rating Reiterated at HC Wainwright

Sandstorm Gold (NYSE:SAND - Get Free Report)'s stock had its "buy" rating restated by equities researchers at HC Wainwright in a note issued to investors on Monday, Benzinga reports. They presently have a $11.00 price target on the stock. HC Wainwright's price objective indicates a potential upside of 95.90% from the company's current price.

Separately, Scotiabank cut their target price on Sandstorm Gold from $6.50 to $6.25 and set a "sector perform" rating for the company in a research note on Thursday, April 18th.

Sandstorm Gold Stock Performance

SAND stock traded up $0.19 during midday trading on Monday, hitting $5.62. 1,947,373 shares of the stock traded hands, compared to its average volume of 2,422,822. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.26 and a quick ratio of 2.26. The stock's fifty day simple moving average is $5.09 and its 200-day simple moving average is $4.84. The firm has a market cap of $1.67 billion, a P/E ratio of 70.20 and a beta of 1.08.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Sandstorm Gold had a net margin of 12.24% and a return on equity of 1.52%. The firm had revenue of $44.50 million for the quarter, compared to analyst estimates of $46.30 million. On average, analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. purchased a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $25,000. Creekmur Asset Management LLC purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at $39,000. Sequoia Financial Advisors LLC acquired a new position in Sandstorm Gold in the 3rd quarter valued at about $47,000. Van Hulzen Asset Management LLC purchased a new stake in Sandstorm Gold during the fourth quarter worth about $50,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of Sandstorm Gold during the fourth quarter worth about $53,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.