Sandstorm Gold Ltd. (NYSE:SAND) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat.com reports. Two equities research 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 updated their coverage on the stock in the last year is $9.06.

Several brokerages recently weighed in on SAND. Royal Bank of Canada lifted their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Scotiabank increased their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Friday, April 4th. Finally, HC Wainwright lowered their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On Sandstorm Gold

Large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. acquired a new stake in Sandstorm Gold during the 4th quarter valued at $56,000. Lifeworks Advisors LLC purchased a new position in shares of Sandstorm Gold during the fourth quarter valued at $57,000. Meixler Investment Management Ltd. acquired a new position in Sandstorm Gold during the fourth quarter valued at $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in Sandstorm Gold in the 4th quarter worth about $72,000. Finally, Bank of New York Mellon Corp boosted its position in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after acquiring an additional 2,416 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Stock Performance

SAND stock traded down $0.10 during midday trading on Friday, reaching $8.77. The company had a trading volume of 1,890,004 shares, compared to its average volume of 3,532,519. The firm has a market capitalization of $2.57 billion, a PE ratio of 174.93 and a beta of 0.48. The stock has a 50 day moving average price of $7.42 and a 200 day moving average price of $6.40. Sandstorm Gold has a fifty-two week low of $4.92 and a fifty-two week high of $8.91. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. Analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's payout ratio is 100.00%.

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.