Sandstorm Gold (NYSE:SAND) Raised to “Buy” at StockNews.com

Sandstorm Gold (NYSE:SAND) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, HC Wainwright dropped their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Sandstorm Gold has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Sandstorm Gold Stock Down 2.9 %

NYSE:SAND opened at $6.24 on Wednesday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 124.72 and a beta of 1.10. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $5.89 and a two-hundred day moving average price of $5.84. Sandstorm Gold has a 1 year low of $3.99 and a 1 year high of $6.67.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, equities analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC boosted its position in Sandstorm Gold by 2.2% during the third quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after purchasing an additional 6,669 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Sandstorm Gold during the 3rd quarter worth approximately $60,000. Intact Investment Management Inc. boosted its holdings in shares of Sandstorm Gold by 195.0% in the 3rd 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 last quarter. Aigen Investment Management LP grew its stake in shares of Sandstorm Gold by 32.4% in the third quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock valued at $254,000 after buying an additional 10,363 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Sandstorm Gold by 219.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 47,727 shares of the company’s stock worth $286,000 after buying an additional 32,766 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

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.