Sandstorm Gold (NYSE:SAND) Sees Large Volume Increase – Here’s What Happened

Sandstorm Gold Ltd. (NYSE:SAND) saw strong trading volume on Friday . 2,469,984 shares traded hands during trading, an increase of 12% from the previous session’s volume of 2,199,576 shares.The stock last traded at $5.84 and had previously closed at $5.88.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. HC Wainwright lifted their price target on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Friday, September 27th. Finally, CIBC raised their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Sandstorm Gold has an average rating of “Moderate Buy” and an average target price of $8.25.

Sandstorm Gold Stock Up 2.4 %

The stock has a fifty day moving average of $5.81 and a two-hundred day moving average of $5.64. 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 stock has a market cap of $1.79 billion, a price-to-earnings ratio of 75.25 and a beta of 1.14.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $40.50 million. During the same period in the previous year, the company posted $0.01 EPS. As a group, analysts predict that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date is Tuesday, October 15th. Sandstorm Gold’s payout ratio is 62.50%.

Institutional Investors Weigh In On Sandstorm Gold

Several large investors have recently made changes to their positions in the business. Perritt Capital Management Inc. purchased a new stake in Sandstorm Gold during the 1st quarter worth $31,000. Mather Group LLC. purchased a new stake in shares of Sandstorm Gold in the second quarter worth about $67,000. Oak Family Advisors LLC acquired a new stake in shares of Sandstorm Gold in the second quarter valued at about $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sandstorm Gold in the second quarter valued at about $94,000. Finally, Oxbow Advisors LLC raised its holdings in shares of Sandstorm Gold by 34.3% during the 2nd quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after buying an additional 5,254 shares during the period. Institutional investors and hedge funds 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.