Sandstorm Gold (NYSE:SAND) Sets New 52-Week High at $6.32

Sandstorm Gold Ltd. (NYSE:SAND) hit a new 52-week high on Friday . The stock traded as high as $6.32 and last traded at $6.26, with a volume of 1291837 shares changing hands. The stock had previously closed at $6.03.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SAND shares. CIBC increased their price target on Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th. Scotiabank raised their price objective on shares of Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada decreased their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.38.

Sandstorm Gold Trading Up 3.2 %

The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.85 billion, a PE ratio of 76.63 and a beta of 1.14. The stock’s fifty day simple moving average is $5.62 and its two-hundred day simple moving average is $5.48.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $41.37 million for the quarter, compared to analysts’ expectations of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same quarter in the previous year, the business posted $0.01 EPS. On average, sell-side analysts forecast that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were issued a dividend of $0.0146 per share. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.06 annualized dividend and a dividend yield of 0.94%. Sandstorm Gold’s payout ratio is 75.01%.

Institutional Trading of Sandstorm Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. bought a new stake in Sandstorm Gold in the 4th quarter valued at $25,000. Perritt Capital Management Inc. bought a new stake in Sandstorm Gold in the 1st quarter worth approximately $31,000. Creekmur Asset Management LLC purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $39,000. Oxford Asset Management LLP purchased a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $53,000. Finally, Jump Financial LLC bought a new position in shares of Sandstorm Gold during the 4th quarter valued at approximately $59,000. 51.97% of the stock is owned by hedge funds and other institutional investors.

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.