Sandstorm Gold (NYSE:SAND) Sets New 52-Week High - Time to Buy?

Key Points

• Sandstorm Gold shares reached a new 12-month high, trading as high as $11.31, with a volume of 156,850 shares.
• Several analysts have recently updated their ratings, with four giving a buy recommendation, while two rated it a hold and one a sell.
• The company announced a quarterly dividend increase, which raised the amount from $0.01 to $0.02 per share, reflecting a 0.7% annual yield.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.31 and last traded at $11.17, with a volume of 156850 shares. The stock had previously closed at $11.16.

Analysts Set New Price Targets

A number of research firms recently commented on SAND. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price target on the stock. in a report on Thursday, July 10th. Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Stock Up 2.3%

The firm has a market capitalization of $3.37 billion, a PE ratio of 95.68 and a beta of 0.52. The firm's 50 day moving average price is $10.17 and its two-hundred day moving average price is $8.71. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $51.42 million during the quarter, compared to the consensus estimate of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. As a group, research analysts forecast that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, July 15th. Sandstorm Gold's payout ratio is currently 41.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Parvin Asset Management LLC boosted its stake in Sandstorm Gold by 1.6% during the 2nd quarter. Parvin Asset Management LLC now owns 90,900 shares of the company's stock valued at $854,000 after acquiring an additional 1,450 shares during the last quarter. Money Concepts Capital Corp boosted its stake in Sandstorm Gold by 0.9% during the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock valued at $1,352,000 after acquiring an additional 1,608 shares during the last quarter. Creative Planning boosted its stake in Sandstorm Gold by 6.9% during the 2nd quarter. Creative Planning now owns 25,671 shares of the company's stock valued at $241,000 after acquiring an additional 1,646 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Sandstorm Gold by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 25,275 shares of the company's stock valued at $238,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Sandstorm Gold by 181.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock valued at $29,000 after acquiring an additional 2,000 shares during the last quarter. 51.97% of the stock is currently 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.