Sandstorm Gold (NYSE:SAND) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Sandstorm Gold (NYSE:SAND) from a hold rating to a buy rating in a research note published on Wednesday.

Separately, HC Wainwright raised their price objective on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

NYSE SAND opened at $6.27 on Wednesday. The firm’s fifty day moving average price is $5.68 and its two-hundred day moving average price is $5.75. The stock has a market cap of $1.86 billion, a PE ratio of 52.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. Sandstorm Gold has a fifty-two week low of $3.96 and a fifty-two week high of $6.50.

Sandstorm Gold (NYSE:SAND) last issued its 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). The firm had revenue of $44.70 million during the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. On average, equities analysts expect that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.28%. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold’s dividend payout ratio (DPR) is 50.00%.

Institutional Trading of Sandstorm Gold

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new position in Sandstorm Gold during the 3rd quarter worth approximately $60,000. Meixler Investment Management Ltd. acquired a new position in Sandstorm Gold in the fourth quarter valued at $66,000. JTC Employer Solutions Trustee Ltd acquired a new position in Sandstorm Gold in the fourth quarter valued at $72,000. Bank of New York Mellon Corp grew its holdings in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after acquiring an additional 2,416 shares during the period. Finally, Walleye Trading LLC bought a new position in shares of Sandstorm Gold in the 3rd quarter worth about $85,000. 51.97% of the stock is currently owned by institutional investors.

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.