Sandstorm Gold (NYSE:SAND) Sees Strong Trading Volume - Should You Buy?

Key Points

• Sandstorm Gold saw a significant increase in trading volume, with 14,507,623 shares traded, reflecting a 130% rise from the previous session.
• Analyst ratings fluctuate, with four giving a Buy rating, three offering a Hold, and one a Sell, alongside an average price target of $10.15.
• The company recently announced a quarterly dividend of $0.02 per share, yielding 0.7%, with a payout ratio of 50%.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) shares saw an uptick in trading volume on Monday . 14,507,623 shares traded hands during trading, an increase of 130% from the previous session's volume of 6,317,968 shares.The stock last traded at $12.16 and had previously closed at $12.90.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stifel Canada lowered shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. National Bankshares reaffirmed 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 target price on the stock. in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Sandstorm Gold in a research note on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sandstorm Gold has an average rating of "Hold" and an average price target of $10.15.

Sandstorm Gold Stock Down 5.8%

The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 101.29 and a beta of 0.51. The business's 50-day moving average is $11.64 and its two-hundred day moving average is $9.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.40 and a current ratio of 2.40.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $51.42 million for 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%. On average, equities analysts anticipate that Sandstorm Gold Ltd will post 0.18 earnings per share for the current year.

Sandstorm Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.7%. Sandstorm Gold's dividend payout ratio (DPR) is currently 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Sandstorm Gold during the third quarter worth $32,000. Farther Finance Advisors LLC lifted its holdings in shares of Sandstorm Gold by 181.8% during the second 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 in the last quarter. Keybank National Association OH acquired a new stake in shares of Sandstorm Gold during the second quarter worth $102,000. Venture Visionary Partners LLC acquired a new stake in shares of Sandstorm Gold during the first quarter worth $91,000. Finally, Burford Brothers Inc. bought a new stake in shares of Sandstorm Gold during the second quarter worth about $117,000. Institutional investors and hedge funds 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.

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