Sandstorm Gold Ltd (NYSE:SAND - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $12.80 and last traded at $12.80, with a volume of 103351 shares changing hands. The stock had previously closed at $12.53.
Wall Street Analyst Weigh In
SAND has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Sandstorm Gold in a research note on Saturday, September 27th. Stifel Canada downgraded shares of Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, July 21st. TD Securities cut shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective on the stock. in a research note on Thursday, July 10th. Finally, National Bankshares reiterated an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Sandstorm Gold has a consensus rating of "Hold" and an average target price of $10.15.
Check Out Our Latest Research Report on SAND
Sandstorm Gold Price Performance
The stock has a 50-day moving average of $11.09 and a two-hundred day moving average of $9.52. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 106.21 and a beta of 0.51. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. The company had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. On average, analysts anticipate that Sandstorm Gold Ltd will post 0.18 EPS for the current year.
Sandstorm Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 26th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, September 26th. Sandstorm Gold's payout ratio is presently 50.00%.
Institutional Trading of Sandstorm Gold
Several hedge funds and other institutional investors have recently modified their holdings of SAND. Farther Finance Advisors LLC grew 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 valued at $29,000 after buying an additional 2,000 shares in the last quarter. Keybank National Association OH purchased a new position in Sandstorm Gold during the 2nd quarter valued at about $102,000. Venture Visionary Partners LLC acquired a new position in shares of Sandstorm Gold in the 1st quarter valued at about $91,000. Burford Brothers Inc. acquired a new position in shares of Sandstorm Gold in the 2nd quarter valued at about $117,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Sandstorm Gold in the second quarter worth approximately $132,000. Institutional investors and hedge funds own 51.97% of the company's stock.
About Sandstorm Gold
(
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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