Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $8.94 and last traded at $8.93, with a volume of 5693407 shares changing hands. The stock had previously closed at $8.77.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SAND. Scotiabank lifted their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. HC Wainwright increased their price objective on Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. Raymond James set a $9.75 price target on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Royal Bank of Canada upped their price objective 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. 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.
View Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Price Performance
The firm has a 50-day simple moving average of $8.15 and a two-hundred day simple moving average of $6.72. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 185.86 and a beta of 0.48. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. As a group, analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a dividend of $0.014 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio (DPR) is 50.00%.
Institutional Trading of Sandstorm Gold
A number of hedge funds have recently added to or reduced their stakes in the company. Boston Partners increased its holdings in Sandstorm Gold by 15.9% in the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after buying an additional 1,562,142 shares in the last quarter. Invesco Ltd. grew its position in shares of Sandstorm Gold by 3.6% during the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock valued at $51,040,000 after acquiring an additional 237,955 shares during the period. Sprott Inc. grew its position in shares of Sandstorm Gold by 18.3% during the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock valued at $39,880,000 after acquiring an additional 816,130 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Sandstorm Gold by 22.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after purchasing an additional 913,527 shares in the last quarter. Finally, Amundi raised its holdings in Sandstorm Gold by 74.9% in the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock worth $16,447,000 after purchasing an additional 1,238,050 shares during the period. 51.97% of the stock is owned by hedge funds and other institutional investors.
Sandstorm Gold Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Sandstorm Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandstorm Gold wasn't on the list.
While Sandstorm Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
