Brokerages Set Sandstorm Gold Ltd. (NYSE:SAND) Price Target at $8.35

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.35.

SAND has been the subject of a number of research analyst reports. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. StockNews.com cut Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th.

Institutional Trading of Sandstorm Gold

Several institutional investors and hedge funds have recently modified their holdings of SAND. Allworth Financial LP purchased a new position in Sandstorm Gold in the 3rd quarter valued at about $60,000. Mather Group LLC. acquired a new stake in Sandstorm Gold during the second quarter worth approximately $67,000. Walleye Trading LLC purchased a new stake in Sandstorm Gold in the 3rd quarter worth approximately $85,000. Oak Family Advisors LLC acquired a new position in Sandstorm Gold in the 2nd quarter valued at $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sandstorm Gold during the 2nd quarter worth $94,000. Hedge funds and other institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Trading Up 0.5 %

SAND opened at $5.83 on Friday. 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 stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 48.58 and a beta of 1.13. The business has a fifty day moving average price of $5.95 and a 200 day moving average price of $5.73. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The business had revenue of $44.70 million for the quarter, compared to analysts’ expectations of $44.70 million. Sell-side analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s payout ratio is currently 41.67%.

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.