Sandstorm Gold Ltd. (NYSE:SAND) Receives $9.46 Average Price Target from Brokerages

Sandstorm Gold Ltd. (NYSE:SAND) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.46.

SAND has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com lowered Sandstorm Gold from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. CIBC increased their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Scotiabank raised their price objective on Sandstorm Gold from $6.25 to $6.50 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd.

Sandstorm Gold Stock Up 6.6 %

Shares of NYSE:SAND opened at $6.02 on Tuesday. The company has a 50 day moving average price of $5.58 and a two-hundred day moving average price of $5.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. The company has a market capitalization of $1.79 billion, a PE ratio of 75.20 and a beta of 1.14. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.07.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. The company had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. During the same period in the prior year, the business posted $0.01 EPS. Analysts forecast that Sandstorm Gold will post 0.09 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th were paid a $0.0146 dividend. The ex-dividend date of this dividend was Tuesday, July 16th. This represents a $0.06 annualized dividend and a yield of 0.97%. Sandstorm Gold’s dividend payout ratio is currently 75.01%.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. purchased a new position in Sandstorm Gold during the 4th quarter valued at $25,000. Perritt Capital Management Inc. bought a new position in Sandstorm Gold in the first quarter valued at about $31,000. Creekmur Asset Management LLC bought a new stake in Sandstorm Gold during the fourth quarter valued at approximately $39,000. Oxford Asset Management LLP purchased a new stake in shares of Sandstorm Gold in the 4th quarter worth $53,000. Finally, Jump Financial LLC bought a new position in shares of Sandstorm Gold in the fourth quarter worth about $59,000. 51.97% of the stock is 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.