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

StockNews.com upgraded shares of Sandstorm Gold (NYSE:SAND) from a hold rating to a buy rating in a research note published on Friday.

Several other equities analysts have also issued reports on the stock. CIBC lifted their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a neutral rating in a report on Wednesday, July 10th. Royal Bank of Canada lowered their price objective on Sandstorm Gold from $6.50 to $6.00 and set an outperform rating for the company in a research note on Tuesday, September 10th. Finally, HC Wainwright increased their target price on Sandstorm Gold from $11.00 to $11.50 and gave the stock a buy rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $8.25.

Sandstorm Gold Stock Down 1.4 %

Shares of NYSE:SAND opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.99 and a current ratio of 1.99. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.38. The firm has a market capitalization of $1.79 billion, a P/E ratio of 75.06 and a beta of 1.14. The stock has a 50 day moving average price of $5.69 and a 200-day moving average price of $5.57.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $41.37 million during the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, equities research analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be 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 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold’s payout ratio is presently 62.50%.

Institutional Trading of Sandstorm Gold

Several institutional investors have recently added to or reduced their stakes in the business. Mad River Investors boosted its position in shares of Sandstorm Gold by 1.6% during the second quarter. Mad River Investors now owns 192,069 shares of the company’s stock valued at $1,045,000 after buying an additional 3,016 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Sandstorm Gold by 1.1% during the 2nd quarter. Raymond James & Associates now owns 302,128 shares of the company’s stock valued at $1,644,000 after acquiring an additional 3,319 shares during the last quarter. Pullen Investment Management LLC grew its stake in shares of Sandstorm Gold by 3.2% in the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company’s stock worth $598,000 after acquiring an additional 3,442 shares during the period. Oxbow Advisors LLC raised its holdings in shares of Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company’s stock valued at $112,000 after purchasing an additional 5,254 shares during the last quarter. Finally, Perritt Capital Management Inc. bought a new position in Sandstorm Gold during the first quarter valued at approximately $31,000. 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.