Analysts Set Sandstorm Gold Ltd. (NYSE:SAND) PT at $8.25

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have received an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.25.

Several research firms recently issued reports on SAND. HC Wainwright raised their target price on Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. Royal Bank of Canada decreased their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Finally, CIBC upped their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th.

Sandstorm Gold Stock Up 0.7 %

SAND opened at $6.09 on Wednesday. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $5.95 and its 200-day moving average price is $5.70. The company has a market cap of $1.81 billion, a P/E ratio of 60.90 and a beta of 1.13.

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

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a $0.015 dividend. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.99%. Sandstorm Gold’s dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in shares of Sandstorm Gold by 28.0% in the first quarter. BNP Paribas Financial Markets now owns 76,831 shares of the company’s stock worth $403,000 after acquiring an additional 16,812 shares during the last quarter. Pullen Investment Management LLC bought a new position in Sandstorm Gold in the 1st quarter worth about $559,000. Hosking Partners LLP purchased a new stake in Sandstorm Gold during the 1st quarter valued at about $2,142,000. SG Americas Securities LLC increased its stake in Sandstorm Gold by 10.4% during the 1st quarter. SG Americas Securities LLC now owns 102,287 shares of the company’s stock valued at $537,000 after purchasing an additional 9,642 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Sandstorm Gold by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 474,651 shares of the company’s stock worth $2,491,000 after buying an additional 15,868 shares during the last quarter. Institutional investors 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.