Sandstorm Gold (NYSE:SAND) Cut to "Sell" at TD Securities

TD Securities downgraded shares of Sandstorm Gold (NYSE:SAND - Free Report) from a buy rating to a sell rating in a report released on Thursday morning, Marketbeat Ratings reports. TD Securities currently has $14.00 target price on the stock.

A number of other research firms have also weighed in on SAND. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Scotiabank raised their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $10.15.

Sandstorm Gold Stock Up 0.2%

Shares of NYSE SAND traded up $0.02 during mid-day trading on Thursday, reaching $9.86. 10,323,044 shares of the company's stock traded hands, compared to its average volume of 4,367,794. The stock has a market cap of $2.89 billion, a P/E ratio of 98.61 and a beta of 0.46. The business has a 50-day simple moving average of $9.05 and a 200 day simple moving average of $7.51. Sandstorm Gold has a 1-year low of $4.92 and a 1-year high of $10.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77.

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

Sandstorm Gold Increases Dividend

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

Institutional Trading of Sandstorm Gold

Several hedge funds have recently added to or reduced their stakes in SAND. Farther Finance Advisors LLC raised its position in shares of Sandstorm Gold by 181.8% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Sandstorm Gold by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company's stock worth $2,562,000 after acquiring an additional 22,677 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Sandstorm Gold by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company's stock worth $8,459,000 after acquiring an additional 113,660 shares during the period. Millennium Management LLC boosted its holdings in shares of Sandstorm Gold by 731.7% in the first quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock worth $15,348,000 after acquiring an additional 1,788,404 shares during the period. Finally, Ancora Advisors LLC boosted its holdings in shares of Sandstorm Gold by 49.5% in the first quarter. Ancora Advisors LLC now owns 597,250 shares of the company's stock worth $4,509,000 after acquiring an additional 197,710 shares during the period. Institutional investors own 51.97% of the company's stock.

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.