Sandstorm Gold (NYSE:SAND) Reaches New 12-Month High - What's Next?

Key Points

• Sandstorm Gold's share price reached a new 52-week high of $11.14, reflecting significant trading activity with over 5 million shares exchanged.
• Wall Street analysts have mixed views on the stock, with four "buy" ratings and one "sell" rating, and a consensus average target price of $10.15.
• The company announced an increase in its quarterly dividend to $0.02 per share, marking a positive shift from its previous dividend of $0.01.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $11.14 and last traded at $11.12, with a volume of 5094484 shares traded. The stock had previously closed at $10.84.

Analyst Ratings Changes

A number of equities analysts have issued reports on SAND shares. TD Securities cut shares of Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 target price on the stock. in a report on Thursday, July 10th. HC Wainwright increased 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. National Bankshares restated an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Stifel Canada downgraded Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $10.15.

Sandstorm Gold Trading Up 1.9%

The firm has a 50-day moving average of $9.96 and a 200 day moving average of $8.53. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 93.13 and a beta of 0.47.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05. The company had revenue of $51.42 million during the quarter, compared to analyst estimates of $68.43 million. Sandstorm Gold had a return on equity of 2.38% and a net margin of 17.78%. As a group, equities analysts predict that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were given a $0.02 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's payout ratio is currently 50.00%.

Institutional Trading of Sandstorm Gold

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its stake in Sandstorm Gold by 779.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,686,377 shares of the company's stock valued at $44,070,000 after buying an additional 4,153,559 shares in the last quarter. Invesco Ltd. raised its position in Sandstorm Gold by 44.1% in the second quarter. Invesco Ltd. now owns 9,740,857 shares of the company's stock worth $91,564,000 after acquiring an additional 2,980,656 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Sandstorm Gold in the 2nd quarter valued at about $20,063,000. Wellington Management Group LLP bought a new position in shares of Sandstorm Gold during the 1st quarter valued at about $15,617,000. Finally, Two Sigma Advisers LP boosted its position in shares of Sandstorm Gold by 580.6% during the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after purchasing an additional 1,974,600 shares in the last quarter. 51.97% of the stock is 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.