Sandstorm Gold (NYSE:SAND) Raised to "Buy" at Wall Street Zen

Sandstorm Gold (NYSE:SAND - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price target on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Scotiabank raised 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. Raymond James set a $9.75 target price on shares of Sandstorm Gold and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, HC Wainwright increased 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and a consensus price target of $9.25.

Sandstorm Gold Price Performance

Sandstorm Gold stock traded up $0.24 during trading hours on Wednesday, hitting $8.76. 4,334,736 shares of the stock were exchanged, compared to its average volume of 3,686,961. The stock has a market capitalization of $2.57 billion, a P/E ratio of 175.14 and a beta of 0.48. The business's 50-day moving average is $8.00 and its two-hundred day moving average is $6.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold has a 12 month low of $4.92 and a 12 month high of $8.91.

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 analysts' consensus estimates of $0.05 by ($0.01). Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Equities research analysts expect that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp boosted 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 valued at $1,352,000 after acquiring an additional 1,608 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Sandstorm Gold by 2.1% in the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock valued at $844,000 after purchasing an additional 2,307 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sandstorm Gold by 21.0% in the 4th 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 during the period. PFG Investments LLC boosted its position in shares of Sandstorm Gold by 8.8% in the 1st quarter. PFG Investments LLC now owns 34,979 shares of the company's stock worth $264,000 after purchasing an additional 2,829 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Sandstorm Gold by 0.6% during the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 51.97% of the company's stock.

Sandstorm Gold Company Profile

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.