Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Down 20.7% in April

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,840,000 shares, a drop of 20.7% from the March 31st total of 3,580,000 shares. Based on an average daily volume of 5,650,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAND. Royal Bank of Canada raised their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Scotiabank upped their price target on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. HC Wainwright decreased their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, Raymond James reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.06.

Sandstorm Gold Price Performance

NYSE SAND opened at $8.40 on Friday. The company has a market cap of $2.46 billion, a P/E ratio of 167.93 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $8.82. The company has a fifty day simple moving average of $7.29 and a 200 day simple moving average of $6.34.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The business had revenue of $47.40 million during the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, sell-side analysts predict that Sandstorm Gold will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a yield of 0.67%. The ex-dividend date was Monday, April 14th. Sandstorm Gold's payout ratio is currently 100.00%.

Institutional Trading of Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of SAND. Boston Partners raised its position in shares of Sandstorm Gold by 39,289.9% during the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after buying an additional 9,787,105 shares during the last quarter. Two Sigma Advisers LP raised its position in Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock worth $12,916,000 after purchasing an additional 1,974,600 shares in the last quarter. Sprott Inc. lifted its stake in Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the period. Invesco Ltd. boosted its holdings in Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock valued at $36,394,000 after purchasing an additional 1,691,296 shares in the last quarter. Finally, Amundi grew its stake in shares of Sandstorm Gold by 74.9% in the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after purchasing an additional 1,238,050 shares during the period. 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.

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