Brokerages Set Sandstorm Gold Ltd. (NYSE:SAND) PT at $8.25

Sandstorm Gold Ltd. (NYSE:SAND) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.25.

Several brokerages have issued reports on SAND. Royal Bank of Canada lowered their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. CIBC boosted 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. StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th. Finally, HC Wainwright boosted their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a research report on Monday, August 5th.

Sandstorm Gold Trading Up 2.3 %

Shares of SAND opened at $6.33 on Wednesday. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.50. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average is $5.96 and its two-hundred day moving average is $5.70. The stock has a market cap of $1.88 billion, a PE ratio of 63.21 and a beta of 1.13.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a $0.015 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, October 15th. Sandstorm Gold’s payout ratio is 60.01%.

Institutional Trading of Sandstorm Gold

Several institutional investors and hedge funds have recently bought and sold shares of SAND. Sagil Capital LLP purchased a new stake in Sandstorm Gold in the 2nd quarter valued at about $8,041,000. EdgePoint Investment Group Inc. purchased a new stake in Sandstorm Gold during the first quarter worth about $6,537,000. Dimensional Fund Advisors LP increased its stake in Sandstorm Gold by 42.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company’s stock worth $17,162,000 after purchasing an additional 935,005 shares during the period. Helikon Investments Ltd increased its stake in Sandstorm Gold by 61.8% during the second quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company’s stock worth $11,351,000 after purchasing an additional 796,800 shares during the period. Finally, Hosking Partners LLP purchased a new stake in Sandstorm Gold during the first quarter worth about $2,142,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

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.