Sandstorm Gold (NYSE:SAND) Stock Price Expected to Rise, HC Wainwright Analyst Says

Sandstorm Gold (NYSE:SAND) had its price target upped by investment analysts at HC Wainwright from $11.50 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 121.40% from the company’s current price.

Other equities research analysts have also issued reports about the company. StockNews.com upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada reduced their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Price Performance

NYSE SAND opened at $5.42 on Monday. The company has a 50 day simple moving average of $5.99 and a 200-day simple moving average of $5.73. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 45.17 and a beta of 1.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99.

Sandstorm Gold (NYSE:SAND) last issued its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. The company had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Equities research analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Sandstorm Gold by 2.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,634,027 shares of the company’s stock valued at $19,766,000 after acquiring an additional 78,032 shares during the period. Dimensional Fund Advisors LP boosted its stake in Sandstorm Gold by 42.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after purchasing an additional 935,005 shares during the period. Helikon Investments Ltd grew its holdings in Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock valued at $11,351,000 after buying an additional 796,800 shares during the last quarter. Bank of Montreal Can increased its position in Sandstorm Gold by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 1,560,657 shares of the company’s stock worth $8,511,000 after buying an additional 41,623 shares during the period. Finally, Sagil Capital LLP acquired a new position in shares of Sandstorm Gold during the second quarter worth approximately $8,041,000. 51.97% of the stock is currently owned by institutional investors and hedge funds.

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.