Sandstorm Gold Ltd. (NYSE:SAND) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.25.

SAND has been the topic of a number of research analyst reports. Scotiabank raised their price objective 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. Royal Bank of Canada boosted their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Raymond James set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Sandstorm Gold Price Performance

Shares of SAND stock traded down $0.08 during trading hours on Tuesday, reaching $8.82. 3,431,323 shares of the company were exchanged, compared to its average volume of 3,716,083. Sandstorm Gold has a fifty-two week low of $4.92 and a fifty-two week high of $9.03. The stock's fifty day moving average is $8.12 and its two-hundred day moving average is $6.68. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 176.54 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.

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 for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sell-side analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a $0.014 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.63%. Sandstorm Gold's dividend payout ratio (DPR) is currently 50.00%.

Hedge Funds Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of SAND. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new stake in Sandstorm Gold during the 4th quarter valued at $57,000. Meixler Investment Management Ltd. bought a new position in Sandstorm Gold during the fourth quarter worth $66,000. Bank of New York Mellon Corp boosted its position in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares during the period. Finally, Fiduciary Trust Co acquired a new position in shares of Sandstorm Gold in the fourth quarter valued at $86,000. 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.