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

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.15.

Several research firms have recently commented on SAND. Scotiabank raised their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Royal Bank Of Canada boosted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Raymond James Financial set a $9.75 price objective on Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, HC Wainwright upped their target price on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Farther Finance Advisors LLC grew its stake in shares of Sandstorm Gold by 181.8% in the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock valued at $29,000 after buying an additional 2,000 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at $56,000. Bank of New York Mellon Corp grew its stake in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after buying an additional 2,416 shares in the last quarter. Fiduciary Trust Co acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at $86,000. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Sandstorm Gold in the first quarter valued at $91,000. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock traded down $0.13 during trading on Wednesday, hitting $9.54. 4,000,445 shares of the company's stock traded hands, compared to its average volume of 4,450,685. The stock has a market capitalization of $2.80 billion, a P/E ratio of 95.36 and a beta of 0.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50-day simple moving average of $9.11 and a 200-day simple moving average of $7.57. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $10.44.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. The firm had revenue of $50.10 million during the quarter, compared to analysts' expectations of $71.61 million. As a group, analysts forecast that Sandstorm Gold will post 0.18 EPS for the current year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.84%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is currently 60.00%.

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.