Sandstorm Gold (NYSE:SAND) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Sandstorm Gold (NYSE:SAND) amid varying opinions from other brokerages.
• Sandstorm Gold's shares have recently traded at $12.54, with a market cap of $3.70 billion and significant fluctuations in its price performance over the past year.
• The company reported earnings of $0.05 per share for the most recent quarter, meeting analysts' expectations but falling short on revenue forecasts with $51.42 million reported.

Sandstorm Gold (NYSE:SAND - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by research analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on SAND. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. TD Securities lowered Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective for the company. in a research note on Thursday, July 10th. Finally, Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.15.

Sandstorm Gold Price Performance

Shares of Sandstorm Gold stock traded up $0.08 during trading on Tuesday, hitting $12.54. 5,033,829 shares of the stock traded hands, compared to its average volume of 5,797,071. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 104.53 and a beta of 0.51. The firm's fifty day moving average is $11.45 and its 200-day moving average is $9.73. Sandstorm Gold has a 52 week low of $5.33 and a 52 week high of $12.90.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, hitting analysts' consensus estimates of $0.05. The firm had revenue of $51.42 million for the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. Research analysts expect that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Institutional Trading of Sandstorm Gold

Several institutional investors and hedge funds have recently bought and sold shares of the business. Boston Partners boosted its stake in shares of Sandstorm Gold by 15.9% in the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after buying an additional 1,562,142 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Sandstorm Gold by 44.1% in the second quarter. Invesco Ltd. now owns 9,740,857 shares of the company's stock worth $91,564,000 after buying an additional 2,980,656 shares during the last quarter. Sprott Inc. boosted its stake in shares of Sandstorm Gold by 18.3% in the first quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock worth $39,880,000 after buying an additional 816,130 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Sandstorm Gold by 779.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,686,377 shares of the company's stock worth $44,070,000 after buying an additional 4,153,559 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Sandstorm Gold in the 2nd quarter worth $20,063,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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