Sandstorm Gold (NYSE:SAND) Reaches New 1-Year High – What’s Next?

Sandstorm Gold Ltd. (NYSE:SAND) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.25 and last traded at $7.23, with a volume of 424171 shares changing hands. The stock had previously closed at $6.85.

Analyst Upgrades and Downgrades

SAND has been the topic of a number of recent research reports. StockNews.com upgraded shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. HC Wainwright decreased their price target on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank increased their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the company a “sector perform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $8.56.

Sandstorm Gold Price Performance

The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 147.13 and a beta of 1.06. The company has a fifty day moving average price of $6.26 and a two-hundred day moving average price of $5.98.

Sandstorm Gold (NYSE:SAND) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to analysts’ expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same period in the prior year, the business earned ($0.04) EPS. On average, equities research analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Sandstorm Gold

Institutional investors have recently modified their holdings of the business. Boston Partners grew its position in shares of Sandstorm Gold by 39,289.9% in the fourth quarter. Boston Partners now owns 9,812,015 shares of the company’s stock valued at $54,751,000 after purchasing an additional 9,787,105 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company’s stock worth $12,916,000 after acquiring an additional 1,974,600 shares during the last quarter. Sprott Inc. lifted its position in shares of Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after acquiring an additional 1,955,916 shares in the last quarter. Invesco Ltd. lifted its position in shares of Sandstorm Gold by 35.0% in the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company’s stock valued at $36,394,000 after acquiring an additional 1,691,296 shares in the last quarter. Finally, Amundi increased its position in Sandstorm Gold by 74.9% during the 4th quarter. Amundi now owns 2,890,535 shares of the company’s stock worth $16,447,000 after purchasing an additional 1,238,050 shares in the last quarter. 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.