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

StockNews.com upgraded shares of Sandstorm Gold (NYSE:SAND) from a hold rating to a buy rating in a report published on Wednesday.

Several other brokerages also recently commented on SAND. HC Wainwright lifted their price target on Sandstorm Gold from $11.00 to $11.50 and gave the stock a buy rating in a research report on Monday, August 5th. CIBC raised their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a neutral rating in a research report on Wednesday, July 10th. Finally, Scotiabank upped their price objective on shares of Sandstorm Gold from $6.25 to $6.50 and gave the company a sector perform rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Sandstorm Gold presently has a consensus rating of Moderate Buy and an average target price of $8.85.

Sandstorm Gold Trading Up 2.6 %

Sandstorm Gold stock opened at $5.47 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of 68.38 and a beta of 1.13. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.07. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $5.51 and its 200-day simple moving average is $5.24.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $41.37 million during the quarter, compared to the consensus estimate of $40.50 million. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. During the same period last year, the business earned $0.01 EPS. As a group, sell-side analysts forecast that Sandstorm Gold will post 0.09 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th were given a $0.0146 dividend. The ex-dividend date was Tuesday, July 16th. This represents a $0.06 dividend on an annualized basis and a yield of 1.07%. Sandstorm Gold’s dividend payout ratio (DPR) is presently 75.01%.

Institutional Investors Weigh In On Sandstorm Gold

A number of large investors have recently bought and sold shares of SAND. Principal Securities Inc. acquired a new stake in shares of Sandstorm Gold in the fourth quarter valued at approximately $25,000. Perritt Capital Management Inc. acquired a new position in Sandstorm Gold during the 1st quarter valued at about $31,000. Creekmur Asset Management LLC bought a new position in shares of Sandstorm Gold in the 4th quarter valued at about $39,000. Van Hulzen Asset Management LLC acquired a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $50,000. Finally, Oxford Asset Management LLP bought a new position in Sandstorm Gold in the fourth quarter valued at approximately $53,000. 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.