Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) were down 2.8% during trading on Friday . The company traded as low as $9.27 and last traded at $9.26. Approximately 207,339 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 5,347,878 shares. The stock had previously closed at $9.53.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SAND. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the company an "outperform" rating in a research note on Wednesday, May 7th. HC Wainwright lifted their price target on shares of Sandstorm Gold from $11.50 to $11.75 and gave the company a "buy" rating in a research note on Thursday, May 8th. Royal Bank of Canada lifted their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research note on Friday, April 4th. Wall Street Zen upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, Scotiabank lifted their price objective on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $9.25.
Check Out Our Latest Stock Report on Sandstorm Gold
Sandstorm Gold Stock Performance
The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 182.04 and a beta of 0.46. The stock's fifty day moving average is $8.33 and its two-hundred day moving average is $6.85. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.
Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The company had revenue of $50.10 million during the quarter, compared to analyst estimates of $71.61 million. On average, analysts predict that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current year.
Sandstorm Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.014 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.61%. Sandstorm Gold's dividend payout ratio is currently 50.00%.
Hedge Funds Weigh In On Sandstorm Gold
Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Sandstorm Gold by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,284 shares of the company's stock valued at $2,562,000 after purchasing an additional 22,677 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Sandstorm Gold by 11.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,120,393 shares of the company's stock valued at $8,459,000 after acquiring an additional 113,660 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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 acquiring an additional 1,788,404 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of Sandstorm Gold by 49.5% in the first quarter. Ancora Advisors LLC now owns 597,250 shares of the company's stock valued at $4,509,000 after acquiring an additional 197,710 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Sandstorm Gold in the first quarter valued at about $4,443,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.
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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