Sandstorm Gold (NYSE:SAND) Reaches New 12-Month High - Still a Buy?

Key Points

• Sandstorm Gold Ltd achieved a new 12-month high with its stock reaching $13.00 during trading, up from a previous close of $12.61.
• Analysts have varying views on SAND, with ratings ranging from "outperform" and "hold" to a "sell" recommendation, reflecting diverse expectations about the stock's future performance.
• Sandstorm Gold announced a quarterly dividend of $0.02 per share, equating to an annualized dividend yield of 0.6%, with a payout ratio of 41.67%.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $12.91 and last traded at $13.00, with a volume of 586495 shares trading hands. The stock had previously closed at $12.61.

Wall Street Analyst Weigh In

Several research firms have weighed in on SAND. National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. TD Securities lowered shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective on the stock. in a research note on Thursday, July 10th. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Sandstorm Gold in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $10.15.

Sandstorm Gold Price Performance

The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.82 billion, a P/E ratio of 107.75 and a beta of 0.51. The company's 50-day simple moving average is $11.55 and its 200 day simple moving average is $9.77.

Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company 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, sell-side analysts expect that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 7th. Investors of record on Friday, September 26th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, September 26th. Sandstorm Gold's dividend payout ratio is currently 41.67%.

Institutional Trading of Sandstorm Gold

Several large investors have recently modified their holdings of the company. Parvin Asset Management LLC boosted its holdings in shares of Sandstorm Gold by 1.6% during the 2nd quarter. Parvin Asset Management LLC now owns 90,900 shares of the company's stock worth $854,000 after buying an additional 1,450 shares during the period. Money Concepts Capital Corp boosted its holdings in shares of Sandstorm Gold by 0.9% during the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock worth $1,352,000 after buying an additional 1,608 shares during the period. Creative Planning boosted its holdings in shares of Sandstorm Gold by 6.9% during the 2nd quarter. Creative Planning now owns 25,671 shares of the company's stock worth $241,000 after buying an additional 1,646 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Sandstorm Gold by 7.5% during the 2nd quarter. Osaic Holdings Inc. now owns 25,275 shares of the company's stock worth $238,000 after buying an additional 1,769 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Sandstorm Gold by 181.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company's stock worth $29,000 after buying an additional 2,000 shares during the period. 51.97% of the stock is owned by institutional investors.

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.

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