Sandstorm Gold (NYSE:SAND) Hits New 1-Year High - Still a Buy?

Key Points

• Sandstorm Gold Ltd shares reached a new 52-week high of $12.19 during trading, closing at $11.91, with a trading volume of 250,051 shares.
• Recent analyst ratings have been mixed, with TD Securities downgrading the stock from "buy" to "sell," while other analysts have set a consensus rating of "Hold" and a target price of $10.15.
• The company announced a quarterly dividend of $0.02 per share, representing an annualized yield of 0.7% with a payout ratio of 41.67%.

Sandstorm Gold Ltd (NYSE:SAND - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $12.19 and last traded at $11.91, with a volume of 250051 shares traded. The stock had previously closed at $11.99.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stifel Canada lowered Sandstorm Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 21st. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday, June 24th. Finally, TD Securities cut Sandstorm Gold from a "buy" rating to a "sell" rating and set a $14.00 price objective for the company. in a report on Thursday, July 10th. Four research 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, Sandstorm Gold has a consensus rating of "Hold" and an average target price of $10.15.

Sandstorm Gold Trading Down 0.8%

The stock has a market capitalization of $3.51 billion, a P/E ratio of 99.13 and a beta of 0.52. 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 business has a 50-day moving average price of $10.62 and a two-hundred day moving average price of $9.16.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share for the quarter, hitting 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 the consensus estimate of $68.43 million. On average, analysts expect that Sandstorm Gold Ltd will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.02 per share. The ex-dividend date is Friday, September 26th. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. Sandstorm Gold's dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently bought and sold shares of SAND. Boston Partners boosted its stake in shares of Sandstorm Gold by 15.9% during the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock valued at $85,875,000 after purchasing an additional 1,562,142 shares in the last quarter. Invesco Ltd. increased its position in Sandstorm Gold by 44.1% in the 2nd quarter. Invesco Ltd. now owns 9,740,857 shares of the company's stock valued at $91,564,000 after acquiring an additional 2,980,656 shares during the period. Sprott Inc. increased its position in Sandstorm Gold by 18.3% in the 1st 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 during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 acquiring an additional 4,153,559 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Sandstorm Gold in the second quarter worth $20,063,000. Institutional investors own 51.97% of the company's stock.

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.