Sandstorm Gold Ltd (NYSE:SAND) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sandstorm Gold Ltd (NYSE:SAND) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.15.

A number of research firms have weighed in on SAND. National Bankshares reiterated an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Wednesday, May 21st. TD Securities lowered shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target for the company. in a research report on Thursday, July 10th. Scotiabank upped their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Finally, Royal Bank Of Canada lifted their price target on shares of Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a report on Friday, April 4th.

Sandstorm Gold Stock Performance

Shares of NYSE SAND opened at $9.68 on Wednesday. The firm has a 50 day moving average of $9.09 and a 200 day moving average of $7.55. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 96.78 and a beta of 0.46. Sandstorm Gold has a 12-month low of $4.92 and a 12-month high of $10.44.

Sandstorm Gold (NYSE:SAND) last announced its 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). The business had revenue of $50.10 million for the quarter, compared to the consensus estimate of $71.61 million. Sandstorm Gold had a net margin of 15.80% and a return on equity of 2.00%. On average, research analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be paid a $0.02 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.83%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is presently 60.00%.

Institutional Trading of Sandstorm Gold

Several hedge funds have recently bought and sold shares of SAND. Farther Finance Advisors LLC raised its stake in Sandstorm Gold by 181.8% during the second quarter. Farther Finance Advisors LLC now owns 3,100 shares of the company’s stock valued at $29,000 after purchasing an additional 2,000 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new stake in Sandstorm Gold during the fourth quarter valued at $56,000. Bank of New York Mellon Corp raised its stake in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after purchasing an additional 2,416 shares in the last quarter. Fiduciary Trust Co purchased a new stake in Sandstorm Gold during the fourth quarter valued at $86,000. Finally, Venture Visionary Partners LLC purchased a new stake in Sandstorm Gold during the first quarter valued at $91,000. 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.