Sandstorm Gold Ltd. (NYSE:SAND) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have been assigned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.81.

SAND has been the topic of several research analyst reports. Raymond James reissued an “outperform” rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Royal Bank of Canada raised their target price on Sandstorm Gold from $6.50 to $7.00 and gave the company an “outperform” rating in a research note on Friday, April 4th. StockNews.com raised Sandstorm Gold from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. HC Wainwright reduced their price objective on Sandstorm Gold from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Finally, Scotiabank upped their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a “sector perform” rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold in the fourth quarter valued at approximately $56,000. Lifeworks Advisors LLC bought a new position in Sandstorm Gold in the 4th quarter valued at $57,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold during the 4th quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in shares of Sandstorm Gold in the 4th quarter worth about $72,000. Finally, Bank of New York Mellon Corp grew its position in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company’s stock valued at $78,000 after buying an additional 2,416 shares during the period. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Stock Up 4.0 %

Shares of NYSE:SAND opened at $7.90 on Monday. The firm has a market cap of $2.34 billion, a P/E ratio of 158.11 and a beta of 0.90. Sandstorm Gold has a 12-month low of $4.92 and a 12-month high of $7.99. The business has a fifty day simple moving average of $6.70 and a 200 day simple moving average of $6.10. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

Sandstorm Gold (NYSE:SAND) last released its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The firm had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. During the same period in the prior year, the company posted ($0.04) EPS. Analysts predict that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued a $0.014 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.71%. Sandstorm Gold’s dividend payout ratio is currently 100.00%.

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.