Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $9.32 and last traded at $9.29, with a volume of 5658267 shares. The stock had previously closed at $8.84.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. HC Wainwright boosted their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Scotiabank boosted 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. Raymond James set a $9.75 price target on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada boosted 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Read Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Price Performance
The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $8.33 and a 200-day moving average of $6.84. The firm has a market capitalization of $2.69 billion, a P/E ratio of 183.84 and a beta of 0.46.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The business 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 8.11% and a return on equity of 0.98%. On average, sell-side analysts predict that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were given a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.61%. Sandstorm Gold's payout ratio is presently 50.00%.
Institutional Investors Weigh In On Sandstorm Gold
A number of institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp boosted its position in shares of Sandstorm Gold by 0.9% in the first quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock valued at $1,352,000 after acquiring an additional 1,608 shares during the period. SG Americas Securities LLC boosted its position in shares of Sandstorm Gold by 2.1% in the first quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock valued at $844,000 after acquiring an additional 2,307 shares during the period. Bank of New York Mellon Corp lifted its position 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 valued at $78,000 after acquiring an additional 2,416 shares during the period. PFG Investments LLC lifted its position 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 valued at $264,000 after acquiring an additional 2,829 shares during the period. Finally, Swiss National Bank lifted its position in shares of Sandstorm Gold by 0.6% during the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 51.97% of the company's stock.
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.
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