Sandstorm Gold (NYSE:SAND) Raised to “Buy” at StockNews.com

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

Separately, HC Wainwright cut their target price on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.56.

Sandstorm Gold Stock Down 2.9 %

SAND opened at $6.24 on Wednesday. The stock has a fifty day moving average of $5.89 and a 200-day moving average of $5.84. The company has a market capitalization of $1.85 billion, a P/E ratio of 124.72 and a beta of 1.10. Sandstorm Gold has a fifty-two week low of $3.99 and a fifty-two week high of $6.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

Sandstorm Gold (NYSE:SAND) last announced its earnings results on Tuesday, February 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the prior year, the business posted ($0.04) earnings per share. On average, equities analysts expect that Sandstorm Gold will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Sandstorm Gold

Large investors have recently modified their holdings of the business. Pullen Investment Management LLC raised its holdings in shares of Sandstorm Gold by 44.2% during the 4th quarter. Pullen Investment Management LLC now owns 180,819 shares of the company’s stock worth $1,009,000 after buying an additional 55,459 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Sandstorm Gold by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 127,166 shares of the company’s stock worth $711,000 after acquiring an additional 4,792 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Sandstorm Gold by 4.5% in the 4th quarter. Vident Advisory LLC now owns 140,760 shares of the company’s stock valued at $785,000 after purchasing an additional 6,100 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of Sandstorm Gold by 580.6% during the 4th quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock valued at $12,916,000 after purchasing an additional 1,974,600 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Sandstorm Gold by 122.0% during the 4th quarter. Two Sigma Investments LP now owns 1,930,051 shares of the company’s stock valued at $10,770,000 after purchasing an additional 1,060,727 shares during the last quarter. 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.