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

Sandstorm Gold (NYSE:SAND) was upgraded by research 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 upped their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $6.31 on Wednesday. The firm’s fifty day simple moving average is $5.69 and its 200-day simple moving average is $5.75. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 52.55 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS 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, equities analysts forecast that Sandstorm Gold will post 0.09 earnings per share for the current year.

Institutional Trading of Sandstorm Gold

A number of institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC purchased a new stake in Sandstorm Gold during the second quarter worth about $606,000. Barclays PLC increased its position in Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company’s stock worth $2,400,000 after purchasing an additional 23,947 shares in the last quarter. FMR LLC acquired a new position in shares of Sandstorm Gold in the third quarter valued at approximately $600,000. Intact Investment Management Inc. lifted its stake in shares of Sandstorm Gold by 195.0% during 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. Finally, Dynamic Technology Lab Private Ltd boosted its position 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 acquiring an additional 32,766 shares during the last quarter. 51.97% of the stock is currently 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.