Sandstorm Gold (NYSE:SAND) Upgraded to “Buy” at StockNews.com

Sandstorm Gold (NYSE:SAND) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.50.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock traded up $0.14 during trading on Wednesday, reaching $6.27. The company’s stock had a trading volume of 8,992,612 shares, compared to its average volume of 5,530,309. The business’s fifty day moving average price is $5.68 and its 200-day moving average price is $5.75. Sandstorm Gold has a one year low of $3.96 and a one year high of $6.50. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 52.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29.

Sandstorm Gold (NYSE:SAND) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. The business had revenue of $44.70 million during the quarter, compared to the consensus estimate of $44.70 million. As a group, equities research analysts predict that Sandstorm Gold will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently made changes to their positions in the business. U S Global Investors Inc. lifted its position in shares of Sandstorm Gold by 31.3% during the 4th quarter. U S Global Investors Inc. now owns 909,749 shares of the company’s stock worth $5,076,000 after buying an additional 216,756 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Sandstorm Gold during the fourth quarter valued at $93,000. Sprott Inc. boosted its stake in shares of Sandstorm Gold by 77.9% in the 4th quarter. Sprott Inc. now owns 4,465,843 shares of the company’s stock valued at $24,925,000 after purchasing an additional 1,955,916 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Sandstorm Gold by 21.0% in the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock worth $78,000 after purchasing an additional 2,416 shares during the last quarter. Finally, C WorldWide Group Holding A S grew its holdings in shares of Sandstorm Gold by 10.0% in the 4th quarter. C WorldWide Group Holding A S now owns 398,069 shares of the company’s stock worth $2,221,000 after purchasing an additional 36,257 shares during the last quarter. 51.97% of the stock is owned by 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.