Sandstorm Gold (NYSE:SAND) Downgraded by StockNews.com to “Hold”

Sandstorm Gold (NYSE:SAND) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities research analysts have also issued research reports about the stock. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Royal Bank of Canada dropped 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 note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Sandstorm Gold currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.35.

Sandstorm Gold Stock Performance

NYSE SAND opened at $5.36 on Thursday. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market capitalization of $1.59 billion, a P/E ratio of 44.67 and a beta of 1.13. The company has a fifty day moving average of $5.98 and a 200-day moving average of $5.72.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAND. Sagil Capital LLP acquired a new stake in Sandstorm Gold in the 2nd quarter worth approximately $8,041,000. EdgePoint Investment Group Inc. acquired a new stake in Sandstorm Gold in the 1st quarter worth approximately $6,537,000. Dimensional Fund Advisors LP boosted its stake in Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Helikon Investments Ltd boosted its stake in Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock worth $11,351,000 after purchasing an additional 796,800 shares in the last quarter. Finally, Boston Partners acquired a new stake in Sandstorm Gold in the 1st quarter worth approximately $1,902,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

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.