Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $9.31, but opened at $9.02. Sandstorm Gold shares last traded at $9.11, with a volume of 346,301 shares.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Wall Street Zen raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a report on Tuesday. Raymond James Financial set a $9.75 price objective on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank lifted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Finally, HC Wainwright upped their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has an average rating of "Moderate Buy" and a consensus price target of $9.25.
Read Our Latest Analysis on Sandstorm Gold
Sandstorm Gold Stock Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77. The firm's 50 day moving average is $8.79 and its 200-day moving average is $7.17. The company has a market cap of $2.66 billion, a PE ratio of 90.76 and a beta of 0.46.
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 the consensus estimate of $0.05 by ($0.01). The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. On average, research analysts anticipate that Sandstorm Gold Ltd will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be paid a $0.02 dividend. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.88%. Sandstorm Gold's dividend payout ratio is 60.00%.
Institutional Trading of Sandstorm Gold
Several institutional investors have recently made changes to their positions in the company. Boston Partners raised its position in Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company's stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Sandstorm Gold during the 1st quarter worth about $15,617,000. Two Sigma Advisers LP raised its holdings in Sandstorm Gold by 580.6% in the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after buying an additional 1,974,600 shares during the period. Millennium Management LLC lifted its position in Sandstorm Gold by 731.7% in the first quarter. Millennium Management LLC now owns 2,032,823 shares of the company's stock valued at $15,348,000 after buying an additional 1,788,404 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Sandstorm Gold by 35.0% during the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock worth $36,394,000 after buying an additional 1,691,296 shares during the period. Hedge funds and other institutional investors 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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