Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.25.
A number of analysts have recently weighed in on the stock. HC Wainwright increased their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Royal Bank of Canada raised their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.
Check Out Our Latest Stock Analysis on Sandstorm Gold
Hedge Funds Weigh In On Sandstorm Gold
A number of hedge funds have recently added to or reduced their stakes in SAND. Boston Partners grew its position in Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after purchasing an additional 1,562,142 shares during the period. Invesco Ltd. grew its position in Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock worth $51,040,000 after purchasing an additional 237,955 shares during the period. Sprott Inc. grew its position in Sandstorm Gold by 18.3% in the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock worth $39,880,000 after purchasing an additional 816,130 shares during the period. Dimensional Fund Advisors LP grew its position in Sandstorm Gold by 22.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock worth $27,781,000 after purchasing an additional 913,527 shares during the period. Finally, Amundi grew its position in Sandstorm Gold by 74.9% in the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares during the period. 51.97% of the stock is currently owned by hedge funds and other institutional investors.
Sandstorm Gold Trading Down 0.6%
Shares of NYSE:SAND traded down $0.05 on Tuesday, reaching $8.84. 4,651,604 shares of the company traded hands, compared to its average volume of 3,733,733. The business's 50-day simple moving average is $8.15 and its 200 day simple moving average is $6.71. Sandstorm Gold has a 52 week low of $4.92 and a 52 week high of $9.03. The stock has a market capitalization of $2.59 billion, a P/E ratio of 176.84 and a beta of 0.48. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. As a group, equities analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current fiscal year.
Sandstorm Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were issued a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.63%. Sandstorm Gold's payout ratio is currently 50.00%.
About Sandstorm Gold
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Get Free ReportSandstorm 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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