Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) shares saw an uptick in trading volume on Tuesday . 5,846,688 shares changed hands during trading, an increase of 40% from the previous session's volume of 4,190,867 shares.The stock last traded at $9.75 and had previously closed at $10.24.
Analyst Ratings Changes
A number of research firms have weighed in on SAND. Scotiabank upped 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 restated an "outperform" rating on shares of Sandstorm Gold in a research note on Tuesday, June 24th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Raymond James Financial set a $9.75 target price on Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada increased their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $9.25.
Read Our Latest Research Report on SAND
Sandstorm Gold Stock Performance
The company has a market capitalization of $2.90 billion, a P/E ratio of 98.81 and a beta of 0.46. 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 fifty day moving average price of $8.94 and a two-hundred day moving average price of $7.39.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Equities analysts forecast that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.02 per share. 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. The ex-dividend date of this dividend is Tuesday, July 15th. Sandstorm Gold's dividend payout ratio is presently 60.00%.
Hedge Funds Weigh In On Sandstorm Gold
A number of institutional investors have recently modified their holdings of the company. Money Concepts Capital Corp raised its position in shares of Sandstorm Gold by 0.9% during the first quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock worth $1,352,000 after purchasing an additional 1,608 shares during the period. SG Americas Securities LLC grew its stake in shares of Sandstorm Gold by 2.1% during the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock worth $844,000 after acquiring an additional 2,307 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after acquiring an additional 2,416 shares during the period. PFG Investments LLC grew its stake in shares of Sandstorm Gold by 8.8% during the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company's stock worth $264,000 after acquiring an additional 2,829 shares during the period. Finally, Swiss National Bank boosted its stake in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after purchasing an additional 3,000 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.
Sandstorm Gold Company Profile
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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.
Further Reading
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