Sandstorm Gold (NYSE:SAND) Price Target Raised to $7.00

Sandstorm Gold (NYSE:SAND) had its price target boosted by investment analysts at Royal Bank of Canada from $6.50 to $7.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 0.21% from the stock’s current price.

A number of other analysts have also issued reports on the company. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. HC Wainwright reduced their price objective 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. Finally, Scotiabank upped their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Sandstorm Gold currently has an average rating of “Moderate Buy” and an average price target of $8.81.

Sandstorm Gold Trading Down 7.2 %

NYSE:SAND opened at $6.99 on Friday. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $6.51 and its 200-day moving average is $6.05. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 139.73 and a beta of 0.90. Sandstorm Gold has a 12 month low of $4.92 and a 12 month high of $7.74.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $47.40 million for the quarter, compared to analyst estimates 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 firm earned ($0.04) EPS. Equities analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current year.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently bought and sold shares of the business. PKO Investment Management Joint Stock Co acquired a new position in shares of Sandstorm Gold in the 4th quarter valued at $1,177,000. Pullen Investment Management LLC increased its stake in Sandstorm Gold by 44.2% in the fourth quarter. Pullen Investment Management LLC now owns 180,819 shares of the company’s stock valued at $1,009,000 after acquiring an additional 55,459 shares during the period. Mackenzie Financial Corp raised its position in 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 purchasing an additional 4,792 shares in the last quarter. Vident Advisory LLC lifted its stake in Sandstorm Gold by 4.5% during the fourth quarter. Vident Advisory LLC now owns 140,760 shares of the company’s stock worth $785,000 after purchasing an additional 6,100 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in Sandstorm Gold by 580.6% during the fourth 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 in 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.