Sandstorm Gold Ltd. (NYSE:SAND) Receives Average Recommendation of “Moderate Buy” from Analysts

Sandstorm Gold Ltd. (NYSE:SAND) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $8.35.

Several analysts recently issued reports on the stock. StockNews.com cut shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reduced their target price on shares of Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAND. Allworth Financial LP acquired a new stake in Sandstorm Gold in the third quarter worth approximately $60,000. Mather Group LLC. bought a new stake in shares of Sandstorm Gold in the 2nd quarter worth $67,000. Walleye Trading LLC acquired a new stake in shares of Sandstorm Gold in the third quarter valued at $85,000. Oak Family Advisors LLC bought a new position in Sandstorm Gold during the second quarter valued at about $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sandstorm Gold in the 2nd quarter valued at about $94,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.85 on Friday. The company’s fifty day moving average price is $5.97 and its two-hundred day moving average price is $5.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a market capitalization of $1.74 billion, a P/E ratio of 48.75 and a beta of 1.13. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50.

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

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.015 per share. This is a boost from Sandstorm Gold’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.06 annualized dividend and a yield of 1.03%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 50.00%.

About Sandstorm Gold

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.