Sandstorm Gold (NYSE:SAND) Reaches New 52-Week High – Should You Buy?

Sandstorm Gold Ltd. (NYSE:SAND) hit a new 52-week high on Monday . The stock traded as high as $6.50 and last traded at $6.49, with a volume of 2941188 shares traded. The stock had previously closed at $6.28.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. HC Wainwright raised their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Sandstorm Gold has an average rating of “Moderate Buy” and a consensus target price of $8.50.

Sandstorm Gold Stock Performance

The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $5.73 and a 200 day moving average price of $5.77. The stock has a market cap of $1.95 billion, a P/E ratio of 54.84 and a beta of 1.10.

Sandstorm Gold Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $0.02 dividend. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.22%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 50.00%.

Institutional Trading of Sandstorm Gold

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC lifted its holdings in Sandstorm Gold by 2.2% during the 3rd quarter. Private Advisor Group LLC now owns 314,963 shares of the company’s stock valued at $1,890,000 after buying an additional 6,669 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Sandstorm Gold during the third quarter valued at approximately $60,000. Pullen Investment Management LLC raised its stake in shares of Sandstorm Gold by 14.0% during the third quarter. Pullen Investment Management LLC now owns 125,360 shares of the company’s stock valued at $752,000 after acquiring an additional 15,384 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Sandstorm Gold by 195.0% in the third quarter. Intact Investment Management Inc. now owns 130,100 shares of the company’s stock valued at $781,000 after purchasing an additional 86,000 shares during the period. Finally, Aigen Investment Management LP grew its stake in Sandstorm Gold by 32.4% in the third quarter. Aigen Investment Management LP now owns 42,385 shares of the company’s stock worth $254,000 after purchasing an additional 10,363 shares in the last quarter. 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.