Sandstorm Gold Ltd. (NYSE:SAND) Receives $8.25 Average PT from Analysts

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.25.

SAND has been the subject of a number of recent analyst reports. CIBC increased their target price on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Royal Bank of Canada decreased their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. HC Wainwright upped their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a “buy” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of Sandstorm Gold from a “hold” rating to a “buy” rating in a research report on Friday, September 27th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. bought a new position in Sandstorm Gold during the 1st quarter worth approximately $31,000. Creekmur Asset Management LLC acquired a new stake in Sandstorm Gold in the 4th quarter valued at $39,000. Mather Group LLC. acquired a new stake in Sandstorm Gold in the 2nd quarter valued at $67,000. Oak Family Advisors LLC acquired a new stake in Sandstorm Gold in the 2nd quarter valued at $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sandstorm Gold in the 2nd quarter valued at $94,000. Institutional investors own 51.97% of the company’s stock.

Sandstorm Gold Stock Up 1.0 %

SAND stock opened at $5.89 on Friday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 58.91 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The company’s 50 day simple moving average is $5.73 and its 200-day simple moving average is $5.62. Sandstorm Gold has a 52-week low of $3.96 and a 52-week high of $6.38.

Sandstorm Gold (NYSE:SAND) last posted its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same period in the previous 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 year.

Sandstorm Gold Increases Dividend

The firm 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 represents a $0.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Tuesday, October 15th. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.01. Sandstorm Gold’s dividend payout ratio (DPR) is 60.01%.

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.