Sandstorm Gold (NYSE:SAND) Downgraded to "Sell" Rating by TD Securities

TD Securities cut shares of Sandstorm Gold (NYSE:SAND - Free Report) from a buy rating to a sell rating in a report issued on Thursday, MarketBeat.com reports. TD Securities currently has $14.00 price target on the stock.

Other analysts also recently issued reports about the company. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Scotiabank lifted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. HC Wainwright raised their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Sandstorm Gold has an average rating of "Moderate Buy" and a consensus target price of $10.04.

Sandstorm Gold Stock Down 0.4%

Shares of NYSE SAND traded down $0.04 during midday trading on Thursday, hitting $9.84. 8,696,612 shares of the company's stock were exchanged, compared to its average volume of 4,324,881. The firm's fifty day simple moving average is $8.99 and its 200-day simple moving average is $7.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $2.88 billion, a PE ratio of 98.70 and a beta of 0.46. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $10.44.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to analysts' expectations of $71.61 million. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. Research analysts predict that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be issued a $0.02 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is presently 60.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several large investors have recently modified their holdings of SAND. Cantor Fitzgerald L. P. acquired a new stake in shares of Sandstorm Gold in the 4th quarter worth $56,000. Bank of New York Mellon Corp raised its holdings in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. Fiduciary Trust Co acquired a new stake in Sandstorm Gold in the fourth quarter valued at about $86,000. Venture Visionary Partners LLC purchased a new stake in Sandstorm Gold in the 1st quarter valued at approximately $91,000. Finally, Rossby Financial LCC purchased a new stake in Sandstorm Gold in the 4th quarter valued at approximately $112,000. Hedge funds and other institutional investors own 51.97% of the company's stock.

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.