Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $8.81, but opened at $8.40. Sandstorm Gold shares last traded at $8.21, with a volume of 592,494 shares traded.
Wall Street Analysts Forecast Growth
SAND has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Scotiabank increased their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a report on Monday, April 14th. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a report on Thursday, May 8th. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, StockNews.com downgraded shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $9.25.
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Sandstorm Gold Stock Performance
The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company's 50-day moving average is $7.76 and its two-hundred day moving average is $6.52. The company has a market capitalization of $2.41 billion, a P/E ratio of 164.13 and a beta of 0.48.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, April 14th. Sandstorm Gold's dividend payout ratio is 50.00%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Money Concepts Capital Corp lifted its stake in Sandstorm Gold by 0.9% in the first quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock worth $1,352,000 after acquiring an additional 1,608 shares during the period. SG Americas Securities LLC increased its holdings in shares of Sandstorm Gold by 2.1% during 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 in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Sandstorm Gold by 21.0% during the fourth 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 in the last quarter. PFG Investments LLC increased its holdings in shares of Sandstorm Gold by 8.8% during the first 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 in the last quarter. Finally, Swiss National Bank increased its holdings in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after buying an additional 3,000 shares in the last quarter. 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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