Sandstorm Gold (NYSE:SAND) Receives “Buy” Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Sandstorm Gold (NYSE:SAND) in a research note published on Monday, Benzinga reports. The brokerage currently has a $11.00 price target on the stock. HC Wainwright also issued estimates for Sandstorm Gold’s FY2024 earnings at $0.06 EPS and FY2025 earnings at $0.07 EPS.

Separately, Scotiabank dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.25 and set a sector perform rating on the stock in a report on Thursday, April 18th.

Sandstorm Gold Stock Performance

Shares of SAND stock opened at $5.73 on Monday. The firm has a market capitalization of $1.71 billion, a PE ratio of 71.38 and a beta of 1.08. Sandstorm Gold has a 52 week low of $3.96 and a 52 week high of $6.05. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average price of $5.18 and a 200-day moving average price of $4.86.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $44.50 million during the quarter, compared to analysts’ expectations of $46.30 million. Sandstorm Gold had a return on equity of 1.52% and a net margin of 12.24%. As a group, equities research analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 16th were issued a dividend of $0.0147 per share. The ex-dividend date of this dividend was Monday, April 15th. This represents a $0.06 annualized dividend and a yield of 1.03%. Sandstorm Gold’s payout ratio is 37.50%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SAND. Principal Securities Inc. bought a new stake in Sandstorm Gold during the 4th quarter valued at $25,000. Creekmur Asset Management LLC purchased a new stake in Sandstorm Gold in the fourth quarter worth about $39,000. Sequoia Financial Advisors LLC bought a new position in Sandstorm Gold during the 3rd quarter worth about $47,000. Van Hulzen Asset Management LLC purchased a new position in Sandstorm Gold during the 4th quarter valued at about $50,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Sandstorm Gold in the 4th quarter valued at about $53,000. 51.97% of the stock is currently owned by institutional investors.

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.