Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $9.32 and last traded at $9.29, with a volume of 5658267 shares changing hands. The stock had previously closed at $8.84.
Analysts Set New Price Targets
SAND has been the topic of several recent research reports. Royal Bank of Canada increased their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a research report on Friday, April 4th. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. HC Wainwright raised their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a report on Thursday, May 8th. Scotiabank raised their target price on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.25.
Check Out Our Latest Research Report on Sandstorm Gold
Sandstorm Gold Trading Up 1.5%
The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 190.54 and a beta of 0.46. The firm's fifty day moving average is $8.26 and its 200-day moving average is $6.79.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings results 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 0.98% and a net margin of 8.11%. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.
Sandstorm Gold Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were issued a dividend of $0.014 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.59%. Sandstorm Gold's dividend payout ratio (DPR) is currently 50.00%.
Hedge Funds Weigh In On Sandstorm Gold
Large investors have recently bought and sold shares of the stock. Boston Partners grew its stake in shares of Sandstorm Gold by 15.9% in the 1st quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after acquiring an additional 1,562,142 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock worth $51,040,000 after buying an additional 237,955 shares during the last quarter. Sprott Inc. grew its holdings in shares of Sandstorm Gold by 18.3% in the first 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Sandstorm Gold by 22.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock worth $27,781,000 after acquiring an additional 913,527 shares during the period. Finally, Amundi increased its position in shares of Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after purchasing an additional 1,238,050 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors.
Sandstorm Gold Company Profile
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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.
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