Sandstorm Gold Ltd. (NYSE:SAND – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.28.
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Several analysts recently commented on the stock. Raymond James cut their price objective on shares of Sandstorm Gold from $9.25 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, January 13th. HC Wainwright restated a “buy” rating and set a $12.50 target price on shares of Sandstorm Gold in a research note on Friday, January 13th. BMO Capital Markets started coverage on shares of Sandstorm Gold in a research note on Wednesday, October 5th. They set an “outperform” rating and a $8.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Sandstorm Gold from C$13.25 to C$12.50 in a research note on Thursday, November 10th. Finally, TD Securities lowered their target price on shares of Sandstorm Gold from C$10.00 to C$9.50 in a research note on Wednesday, November 9th.
Institutional Trading of Sandstorm Gold
Several institutional investors and hedge funds have recently made changes to their positions in the business. Guggenheim Capital LLC raised its holdings in shares of Sandstorm Gold by 0.9% in the first quarter. Guggenheim Capital LLC now owns 181,228 shares of the company’s stock valued at $1,464,000 after acquiring an additional 1,614 shares in the last quarter. Integrated Advisors Network LLC grew its stake in Sandstorm Gold by 16.2% in the second quarter. Integrated Advisors Network LLC now owns 12,900 shares of the company’s stock valued at $77,000 after purchasing an additional 1,800 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Sandstorm Gold by 21.0% in the third quarter. Envestnet Asset Management Inc. now owns 16,655 shares of the company’s stock valued at $86,000 after purchasing an additional 2,886 shares during the last quarter. ExodusPoint Capital Management LP grew its stake in shares of Sandstorm Gold by 6.1% during the third quarter. ExodusPoint Capital Management LP now owns 50,728 shares of the company’s stock worth $262,000 after acquiring an additional 2,908 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Sandstorm Gold during the first quarter worth about $25,000. 55.62% of the stock is currently owned by institutional investors.
Sandstorm Gold Trading Up 1.2 %
NYSE:SAND opened at $5.86 on Thursday. The company has a fifty day moving average of $5.50 and a 200 day moving average of $5.51. Sandstorm Gold has a 52 week low of $4.51 and a 52 week high of $9.18. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.95 and a beta of 0.92.
Sandstorm Gold (NYSE:SAND – Get Rating) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $38.95 million for the quarter, compared to the consensus estimate of $39.00 million. Sandstorm Gold had a net margin of 62.75% and a return on equity of 5.09%. On average, research analysts predict that Sandstorm Gold will post 0.1 earnings per share for the current year.
Sandstorm Gold Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 27th. Investors of record on Tuesday, January 17th were given a $0.0147 dividend. The ex-dividend date of this dividend was Friday, January 13th. This is an increase from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. Sandstorm Gold’s dividend payout ratio (DPR) is currently 11.90%.
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 (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine’s production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.
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