Analysts Set Sandstorm Gold Ltd. (NYSE:SAND) PT at $9.46

Shares of Sandstorm Gold Ltd. (NYSE:SAND) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $9.46.

A number of equities analysts have recently commented on SAND shares. Royal Bank of Canada cut their price target on Sandstorm Gold from $6.50 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Scotiabank boosted 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 note on Thursday, May 23rd. HC Wainwright increased their target price on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com downgraded shares of Sandstorm Gold from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, CIBC upped their price target on shares of Sandstorm Gold from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Wednesday, July 10th.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds have recently made changes to their positions in SAND. Principal Securities Inc. purchased a new stake in Sandstorm Gold during the 4th quarter valued at $25,000. Jump Financial LLC purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth about $59,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Sandstorm Gold by 25.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 47,521 shares of the company’s stock worth $239,000 after purchasing an additional 9,534 shares during the last quarter. Clearbridge Investments LLC purchased a new position in Sandstorm Gold during the 4th quarter valued at about $1,299,000. Finally, Oxford Asset Management LLP bought a new position in Sandstorm Gold during the 4th quarter valued at approximately $53,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Stock Up 0.4 %

SAND opened at $6.25 on Tuesday. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.29. The company’s 50-day moving average price is $5.61 and its two-hundred day moving average price is $5.46. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 78.07 and a beta of 1.14. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.27.

Sandstorm Gold (NYSE:SAND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. Sandstorm Gold had a net margin of 17.55% and a return on equity of 2.06%. During the same quarter in the previous year, the firm posted $0.01 earnings per share. As a group, equities analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th were given a dividend of $0.0146 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Tuesday, July 16th. Sandstorm Gold’s payout ratio is currently 75.01%.

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.