Sandstorm Gold (NYSE:SAND) Hits New 1-Year High - Here's Why

Key Points

• Sandstorm Gold's stock reached a new 52-week high of $12.53, with a last trading price of $12.44, indicating strong market performance.
• A number of analysts have recently adjusted their ratings for Sandstorm Gold, with evaluations ranging from "strong-buy" to "sell," leading to a consensus rating of "Hold" and an average price target of $10.15.
• The company declared a quarterly dividend of $0.02, with an annualized yield of 0.6%, aligning with a payout ratio of 50.00%.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.53 and last traded at $12.44, with a volume of 208083 shares. The stock had previously closed at $12.27.

Analyst Ratings Changes

A number of research firms recently weighed in on SAND. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 21st. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Finally, 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 report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Sandstorm Gold presently has a consensus rating of "Hold" and an average price target of $10.15.

Sandstorm Gold Price Performance

The stock has a 50 day moving average of $10.81 and a two-hundred day moving average of $9.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40. The firm has a market capitalization of $3.64 billion, a P/E ratio of 102.96 and a beta of 0.52.

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, meeting analysts' consensus estimates of $0.05. The business had revenue of $51.42 million for the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. Sell-side analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th. Sandstorm Gold's payout ratio is currently 50.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in shares of Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares during the period. Venture Visionary Partners LLC bought a new stake in shares of Sandstorm Gold during the first quarter valued at approximately $91,000. Keybank National Association OH bought a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $102,000. Burford Brothers Inc. bought a new stake in shares of Sandstorm Gold during the second quarter valued at approximately $117,000. Finally, United Advisor Group LLC bought a new stake in shares of Sandstorm Gold during the first quarter valued at approximately $118,000. 51.97% of the stock is owned by institutional investors.

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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