Sandstorm Gold (NYSE:SAND) Sees Large Volume Increase - What's Next?

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) shares saw an uptick in trading volume on Tuesday . 5,846,688 shares were traded during mid-day 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Securities downgraded shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective for the company. in a research report on Thursday. Raymond James Financial set a $9.75 price objective on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank increased 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 shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Sandstorm Gold presently has an average rating of "Moderate Buy" and a consensus price target of $10.15.

Sandstorm Gold Trading Up 0.3%

The business's 50-day moving average is $9.02 and its two-hundred day moving average is $7.45. The firm has a market cap of $2.89 billion, a P/E ratio of 98.76 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.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced 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). The firm had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. As a group, analysts predict that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

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

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Sandstorm Gold by 62.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company's stock valued at $203,000 after purchasing an additional 10,302 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Sandstorm Gold in the first quarter valued at about $414,000. Swiss National Bank grew its position in Sandstorm Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after buying an additional 3,000 shares during the period. Deutsche Bank AG boosted its position in Sandstorm Gold by 4.1% during the fourth quarter. Deutsche Bank AG now owns 552,995 shares of the company's stock worth $3,086,000 after purchasing an additional 21,858 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Sandstorm Gold by 115.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,469,501 shares of the company's stock valued at $8,200,000 after acquiring an additional 786,951 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.