Analysts Set Sandstorm Gold Ltd. (NYSE:SAND) Price Target at $8.25

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $8.25.

Several brokerages have recently weighed in on SAND. HC Wainwright raised their price target on Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Royal Bank of Canada decreased 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. CIBC raised their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Finally, StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th.

Sandstorm Gold Stock Up 0.7 %

Shares of NYSE:SAND opened at $6.10 on Wednesday. The stock has a 50 day moving average price of $5.95 and a 200-day moving average price of $5.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $1.81 billion, a P/E ratio of 60.96 and a beta of 1.14. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The company had revenue of $41.37 million during the quarter, compared to analyst estimates of $40.50 million. During the same period last year, the business earned $0.01 EPS. As a group, equities research 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. Investors of record on Tuesday, October 15th were given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio is 60.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SAND. Perritt Capital Management Inc. bought a new position in Sandstorm Gold in the 1st quarter worth $31,000. Allworth Financial LP purchased a new position in shares of Sandstorm Gold during the 3rd quarter valued at about $60,000. Mather Group LLC. bought a new position in shares of Sandstorm Gold during the 2nd quarter valued at approximately $67,000. Oak Family Advisors LLC bought a new position in shares of Sandstorm Gold in the second quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sandstorm Gold in the second quarter worth $94,000. 51.97% of the stock is owned by hedge funds and other 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.