Sandstorm Gold (NYSE:SAND) Rating Lowered to “Hold” at StockNews.com

Sandstorm Gold (NYSE:SAND) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, HC Wainwright increased their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Trading Up 2.2 %

NYSE:SAND opened at $6.58 on Thursday. 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 firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 54.84 and a beta of 1.10. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.60. The business has a fifty day moving average price of $5.75 and a 200-day moving average price of $5.78.

Institutional Trading of Sandstorm Gold

Several institutional investors have recently added to or reduced their stakes in SAND. Lifeworks Advisors LLC bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $57,000. Allworth Financial LP bought a new stake in shares of Sandstorm Gold during the third quarter valued at approximately $60,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold during the fourth quarter valued at approximately $72,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after acquiring an additional 2,416 shares in the last quarter. Institutional investors own 51.97% of the company’s stock.

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.