Sandstorm Gold Ltd (NYSE:SAND) Receives Average Rating of "Hold" from Analysts

Key Points

• Sandstorm Gold Ltd (NYSE:SAND) has received an average recommendation of "Hold" from analysts, with one sell rating, two hold ratings, and four buy ratings, resulting in a 12-month target price of $10.15.
• The company reported $0.05 EPS for the last quarter, meeting analyst expectations, but fell short on revenue with $51.42 million compared to a forecast of $68.43 million.
• Sandstorm Gold recently increased its quarterly dividend from $0.01 to $0.02, representing an annualized dividend yield of 0.8% and a payout ratio of 60%.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) has been assigned an average recommendation of "Hold" from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.15.

A number of equities research analysts recently weighed in on SAND shares. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Raymond James Financial set a $9.75 price objective on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective for the company. in a report on Thursday, July 10th. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, HC Wainwright lifted their price objective on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th.

Sandstorm Gold Price Performance

SAND stock opened at $10.42 on Friday. Sandstorm Gold has a 52 week low of $5.08 and a 52 week high of $10.56. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $9.50 and a two-hundred day simple moving average of $8.05. The firm has a market capitalization of $3.05 billion, a P/E ratio of 86.83 and a beta of 0.47.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business 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%. Analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were paid a $0.02 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.8%. This is an increase from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio (DPR) is presently 60.00%.

Hedge Funds Weigh In On Sandstorm Gold

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its position in Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares during the period. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $56,000. Fiduciary Trust Co acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at about $86,000. Venture Visionary Partners LLC acquired a new stake in shares of Sandstorm Gold in the first quarter valued at about $91,000. Finally, Keybank National Association OH acquired a new stake in shares of Sandstorm Gold in the second quarter valued at about $102,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.