Sandstorm Gold Ltd (NYSE:SAND - Get Free Report) was the recipient of some unusual options trading on Monday. Stock investors purchased 3,250 call options on the stock. This represents an increase of approximately 48% compared to the typical daily volume of 2,194 call options.
Institutional Investors Weigh In On Sandstorm Gold
Several institutional investors and hedge funds have recently modified their holdings of the business. Cantor Fitzgerald L. P. bought a new position in Sandstorm Gold during the fourth quarter valued at about $56,000. Lifeworks Advisors LLC acquired a new position in shares of Sandstorm Gold during the 4th quarter valued at about $57,000. Venture Visionary Partners LLC bought a new position in shares of Sandstorm Gold in the 1st quarter valued at approximately $91,000. Bank of New York Mellon Corp raised 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 acquiring an additional 2,416 shares in the last quarter. Finally, Fiduciary Trust Co acquired a new stake in Sandstorm Gold in the 4th quarter worth approximately $86,000. Institutional investors and hedge funds own 51.97% of the company's stock.
Sandstorm Gold Stock Performance
SAND traded down $0.45 during trading hours on Tuesday, hitting $9.79. 21,894,515 shares of the stock were exchanged, compared to its average volume of 4,271,562. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 97.91 and a beta of 0.46. The stock has a 50-day simple moving average of $8.97 and a 200-day simple moving average of $7.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. Sandstorm Gold has a 12 month low of $4.92 and a 12 month high of $10.44.
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 (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $50.10 million during the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a return on equity of 2.00% and a net margin of 15.80%. Analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.02 per share. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.82%. Sandstorm Gold's dividend payout ratio is 60.00%.
Wall Street Analyst Weigh In
SAND has been the subject of several recent analyst reports. HC Wainwright raised their target price on shares of 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 Financial set a $9.75 price objective on Sandstorm Gold and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada boosted 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. Scotiabank lifted their target price on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, National Bankshares reissued an "outperform" rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $9.25.
Check Out Our Latest Analysis on Sandstorm Gold
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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