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

Sandstorm Gold Ltd. (NYSE:SAND) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.35.

A number of brokerages recently commented on SAND. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Royal Bank of Canada cut their price objective on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, HC Wainwright boosted their target price on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Sandstorm Gold Stock Performance

Sandstorm Gold stock opened at $5.80 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 fifty day moving average price of $5.96 and a two-hundred day moving average price of $5.73. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The firm has a market capitalization of $1.72 billion, a P/E ratio of 48.34 and a beta of 1.13.

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

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s dividend payout ratio is currently 50.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of Sandstorm Gold during the 1st quarter valued at $1,902,000. Squarepoint Ops LLC bought a new position in Sandstorm Gold in the second quarter valued at about $606,000. Dimensional Fund Advisors LP increased its stake in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock valued at $17,162,000 after buying an additional 935,005 shares during the period. Sagil Capital LLP acquired a new stake in shares of Sandstorm Gold in the second quarter valued at about $8,041,000. Finally, Intact Investment Management Inc. increased its stake in shares of Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after buying an additional 86,000 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

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.