Sandstorm Gold Ltd (NYSE:SAND) Given Average Recommendation of "Hold" by Analysts

Key Points

• Sandstorm Gold Ltd (NYSE:SAND) has received an average recommendation of "Hold" from analysts, with one sell, two hold, and four buy ratings among the seven brokerages covering the stock.
• The company has increased its quarterly dividend from $0.01 to $0.02, resulting in an annualized dividend of $0.08 and a yield of 0.7%.
• SAND stock has a current market capitalization of $3.29 billion and has experienced a 1-year low of $5.33 and a high of $11.51.

Shares of Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.15.

SAND has been the subject of a number of research reports. National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. TD Securities downgraded Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target on the stock. in a research note on Thursday, July 10th. HC Wainwright lifted their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Stifel Canada downgraded Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st.

Sandstorm Gold Trading Down 1.0%

SAND stock opened at $11.24 on Thursday. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 93.63 and a beta of 0.52. The business has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $8.63. Sandstorm Gold has a 1-year low of $5.33 and a 1-year high of $11.51. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.40 and a quick ratio of 2.40.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The company had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. Research analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a $0.02 dividend. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio (DPR) is presently 41.67%.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd grew its position in Sandstorm Gold by 107.9% during the first quarter. XTX Topco Ltd now owns 75,471 shares of the company's stock valued at $570,000 after acquiring an additional 39,172 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Sandstorm Gold by 62.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock worth $203,000 after acquiring an additional 10,302 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Sandstorm Gold in the first quarter worth about $414,000. Deutsche Bank AG increased its holdings in Sandstorm Gold by 4.1% in the fourth quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock valued at $3,086,000 after buying an additional 21,858 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in Sandstorm Gold in the first quarter valued at about $624,000. Hedge funds and other institutional investors 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.

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