StockNews.com Upgrades Sandstorm Gold (NYSE:SAND) to Buy

Sandstorm Gold (NYSE:SAND) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Separately, HC Wainwright increased their target price on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.50.

Sandstorm Gold Trading Up 0.6 %

NYSE SAND opened at $6.31 on Wednesday. The company has a market cap of $1.87 billion, a P/E ratio of 52.55 and a beta of 1.10. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50. 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 company has a 50-day moving average of $5.69 and a 200-day moving average of $5.75.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. As a group, equities analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Sandstorm Gold

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new position in Sandstorm Gold in the 2nd quarter worth $606,000. Cubist Systematic Strategies LLC increased its position in shares of Sandstorm Gold by 266.3% during the second quarter. Cubist Systematic Strategies LLC now owns 88,124 shares of the company’s stock worth $479,000 after acquiring an additional 64,063 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Sandstorm Gold by 2.2% in the third quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock worth $1,890,000 after acquiring an additional 6,669 shares in the last quarter. Allworth Financial LP purchased a new position in Sandstorm Gold in the third quarter valued at about $60,000. Finally, Pullen Investment Management LLC grew its stake in Sandstorm Gold by 14.0% during the 3rd quarter. Pullen Investment Management LLC now owns 125,360 shares of the company’s stock valued at $752,000 after purchasing an additional 15,384 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.

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.