Analysts Set Sandstorm Gold Ltd (NYSE:SAND) Price Target at $10.15

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $10.15.

Several equities analysts recently commented on SAND shares. Scotiabank raised their target price on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Royal Bank Of Canada lifted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Finally, TD Securities cut Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price for the company. in a research note on Thursday, July 10th.

Sandstorm Gold Price Performance

SAND stock traded up $0.05 during trading hours on Wednesday, hitting $9.58. 6,597,369 shares of the stock traded hands, compared to its average volume of 4,483,456. The stock has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $7.62. Sandstorm Gold has a one year low of $4.92 and a one year high of $10.44. The company has a market cap of $2.81 billion, a P/E ratio of 95.81 and a beta of 0.46. The company has a current ratio of 1.77, a quick ratio of 1.77 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 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 business had revenue of $50.10 million during the quarter, compared to analysts' expectations of $71.61 million. Equities analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors 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%.

Institutional Investors Weigh In On Sandstorm Gold

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAND. Bank of New York Mellon Corp lifted its stake in shares of Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after acquiring an additional 2,416 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Sandstorm Gold in the fourth quarter valued at $2,853,000. Swiss National Bank increased its holdings in Sandstorm Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after purchasing an additional 3,000 shares during the period. Commonwealth Equity Services LLC increased its holdings in Sandstorm Gold by 28.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,736 shares of the company's stock valued at $121,000 after purchasing an additional 4,817 shares during the period. Finally, Boston Partners increased its holdings in Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the period. 51.97% of the stock is currently owned by institutional investors.

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.