Sandstorm Gold (NYSE:SAND) Trading Down 2.8% - Here's What Happened

Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) dropped 2.8% during mid-day trading on Friday . The company traded as low as $9.27 and last traded at $9.26. Approximately 207,339 shares were traded during trading, a decline of 96% from the average daily volume of 5,347,878 shares. The stock had previously closed at $9.53.

Analyst Ratings Changes

SAND has been the subject of several research analyst reports. HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $11.75 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Raymond James set a $9.75 price target on shares of Sandstorm Gold and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Royal Bank of Canada upped their price target on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Finally, Scotiabank increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Sandstorm Gold presently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Sandstorm Gold Trading Down 2.9%

The business has a 50 day simple moving average of $8.30 and a two-hundred day simple moving average of $6.81. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 184.74 and a beta of 0.46. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The company had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. As a group, equities analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid 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 0.60%. Sandstorm Gold's payout ratio is currently 50.00%.

Institutional Trading of Sandstorm Gold

Several large investors have recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in Sandstorm Gold by 15.9% during the first quarter. Boston Partners now owns 11,374,157 shares of the company's stock worth $85,875,000 after buying an additional 1,562,142 shares in the last quarter. Invesco Ltd. grew its stake in shares of Sandstorm Gold by 3.6% in the 1st quarter. Invesco Ltd. now owns 6,760,201 shares of the company's stock valued at $51,040,000 after buying an additional 237,955 shares in the last quarter. Sprott Inc. increased its stake in shares of Sandstorm Gold by 18.3% during the 1st quarter. Sprott Inc. now owns 5,281,973 shares of the company's stock worth $39,880,000 after purchasing an additional 816,130 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Sandstorm Gold by 22.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock worth $27,781,000 after acquiring an additional 913,527 shares in the last quarter. Finally, Amundi grew its holdings in Sandstorm Gold by 74.9% during the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after purchasing an additional 1,238,050 shares during the last quarter. 51.97% of the stock is currently owned by institutional investors and hedge funds.

About Sandstorm Gold

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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