Sandstorm Gold Ltd (NYSE:SAND) Receives $10.15 Average Price Target from 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.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) has earned a consensus rating of "Hold" from the seven research firms that are covering the company, Marketbeat Ratings reports. One 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 target among brokerages that have updated their coverage on the stock in the last year is $10.15.

A number of analysts have commented on the stock. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th.

Institutional Investors Weigh In On Sandstorm Gold

A number of large investors have recently made changes to their positions in SAND. Tudor Investment Corp ET AL acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $200,000. The Manufacturers Life Insurance Company raised its holdings in shares of Sandstorm Gold by 2.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 231,650 shares of the company's stock valued at $1,297,000 after acquiring an additional 4,548 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $153,000. Eagle Global Advisors LLC acquired a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $191,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Sandstorm Gold by 31.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,988,396 shares of the company's stock valued at $11,100,000 after acquiring an additional 476,836 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

Sandstorm Gold stock traded down $0.06 during midday trading on Thursday, reaching $11.54. 1,280,114 shares of the stock traded hands, compared to its average volume of 5,847,808. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $10.21 and a two-hundred day moving average price of $8.77. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 96.29 and a beta of 0.52. Sandstorm Gold has a fifty-two week low of $5.33 and a fifty-two week high of $11.69.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The firm had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. On average, equities research analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.02 per share. 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 was Tuesday, July 15th. Sandstorm Gold's dividend payout ratio (DPR) is presently 50.00%.

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.