Sandstorm Gold Ltd (NYSE:SAND) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Sandstorm Gold Ltd (NYSE:SAND) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.25.

Several equities analysts have recently issued reports on the company. Raymond James Financial set a $9.75 price target on Sandstorm Gold and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. HC Wainwright lifted their target price on Sandstorm Gold from $11.50 to $11.75 and gave the stock a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, April 4th. Finally, Scotiabank lifted their target price on Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a report on Monday, April 14th.

Sandstorm Gold Stock Up 1.1%

Shares of SAND stock opened at $9.23 on Friday. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $9.68. The stock has a market cap of $2.71 billion, a PE ratio of 92.31 and a beta of 0.46. The business’s fifty day moving average is $8.77 and its 200-day moving average is $7.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.77 and a current ratio of 1.77.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $71.61 million. Equities analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were issued a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Monday, April 14th. Sandstorm Gold’s payout ratio is 60.00%.

Hedge Funds Weigh In On Sandstorm Gold

A number of hedge funds have recently modified their holdings of SAND. Olympiad Research LP acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth $133,000. C WorldWide Group Holding A S boosted its position in shares of Sandstorm Gold by 10.0% in the fourth quarter. C WorldWide Group Holding A S now owns 398,069 shares of the company’s stock worth $2,221,000 after buying an additional 36,257 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after buying an additional 2,416 shares during the period. Sprott Inc. boosted its position in shares of Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock worth $24,925,000 after buying an additional 1,955,916 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Sandstorm Gold in the fourth quarter worth $93,000. 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.