Sandstorm Gold (NYSE:SAND) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Sandstorm Gold (NYSE:SAND) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Separately, HC Wainwright lifted their target price on shares of Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Sandstorm Gold presently has an average rating of “Hold” and an average target price of $8.50.

Sandstorm Gold Trading Up 1.0 %

SAND stock opened at $6.66 on Thursday. The company has a market capitalization of $1.97 billion, a PE ratio of 55.46 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 has a one year low of $3.96 and a one year high of $6.67. The company’s 50 day moving average price is $5.76 and its two-hundred day moving average price is $5.78.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, January 21st. This is a positive change from Sandstorm Gold’s previous quarterly dividend of $0.02. Sandstorm Gold’s dividend payout ratio is 50.00%.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAND. Allworth Financial LP bought a new stake in Sandstorm Gold in the 3rd quarter worth $60,000. Lifeworks Advisors LLC purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth about $57,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold in the fourth quarter worth about $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in Sandstorm Gold during the 4th quarter valued at about $72,000. Finally, Bank of New York Mellon Corp raised its position in Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after purchasing an additional 2,416 shares during the last quarter. 51.97% of the stock is currently 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.