Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $8.52, but opened at $8.73. Sandstorm Gold shares last traded at $8.72, with a volume of 627,742 shares changing hands.
Analyst Ratings Changes
A number of brokerages recently commented on SAND. Raymond James set a $9.75 target price on Sandstorm Gold and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Scotiabank upped their target price on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. HC Wainwright boosted their target price on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $9.25.
Get Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Stock Performance
The firm has a 50-day moving average of $7.92 and a two-hundred day moving average of $6.58. 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 has a market capitalization of $2.56 billion, a PE ratio of 174.93 and a beta of 0.48.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released 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 firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. Research analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a dividend of $0.014 per share. The ex-dividend date was Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.64%. Sandstorm Gold's dividend payout ratio is currently 50.00%.
Hedge Funds Weigh In On Sandstorm Gold
A number of hedge funds have recently bought and sold shares of SAND. Cantor Fitzgerald L. P. purchased a new position in Sandstorm Gold during the fourth quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new position in Sandstorm Gold during the fourth quarter worth $57,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold during the fourth quarter valued at $66,000. Bank of New York Mellon Corp lifted its holdings in 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 purchasing an additional 2,416 shares in the last quarter. Finally, Fiduciary Trust Co purchased a new position in Sandstorm Gold during the fourth quarter valued at $86,000. Hedge funds and other institutional investors own 51.97% of the company's stock.
About Sandstorm Gold
(
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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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