Sandstorm Gold (NYSE:SAND) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Sandstorm Gold (NYSE:SAND) from a buy rating to a hold rating in a research report report published on Thursday.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada reduced their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.35.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $5.36 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The business has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $5.72. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 44.67 and a beta of 1.13. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million during the quarter, compared to analysts’ expectations of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, research analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a $0.015 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.12%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is presently 50.00%.

Institutional Trading of Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Partners acquired a new stake in shares of Sandstorm Gold in the 1st quarter worth $1,902,000. Squarepoint Ops LLC acquired a new stake in shares of Sandstorm Gold in the 2nd quarter worth $606,000. Clearbridge Investments LLC boosted its position in shares of Sandstorm Gold by 48.1% in the 1st quarter. Clearbridge Investments LLC now owns 384,921 shares of the company’s stock worth $2,021,000 after purchasing an additional 125,096 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sandstorm Gold by 42.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares in the last quarter. Finally, Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold in the 2nd quarter worth $8,041,000. Institutional investors 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.