Sandstorm Gold Ltd. (NYSE:SAND) Given Consensus Rating of “Moderate Buy” by Brokerages

Sandstorm Gold Ltd. (NYSE:SAND) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.25.

SAND has been the subject of a number of recent research reports. CIBC raised their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada cut their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new stake in Sandstorm Gold in the 1st quarter valued at $1,902,000. Squarepoint Ops LLC acquired a new stake in Sandstorm Gold in the 2nd quarter valued at $606,000. Clearbridge Investments LLC boosted its stake in Sandstorm Gold by 48.1% during 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sandstorm Gold by 42.2% during 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 during the last quarter. Finally, Sagil Capital LLP acquired a new stake in Sandstorm Gold during the 2nd quarter worth $8,041,000. Institutional investors and hedge funds own 51.97% of the company’s stock.

Sandstorm Gold Stock Performance

SAND opened at $6.33 on Wednesday. Sandstorm Gold has a 12-month low of $3.96 and a 12-month high of $6.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.88 billion, a PE ratio of 63.21 and a beta of 1.13. The firm has a 50 day moving average of $5.96 and a two-hundred day moving average of $5.70.

Sandstorm Gold Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were paid a $0.015 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 0.95%. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is currently 60.01%.

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.