Weiss Ratings Reiterates Hold (C+) Rating for Sandstorm Gold (NYSE:SAND)

Sandstorm Gold (NYSE:SAND)‘s stock had its “hold (c+)” rating reiterated by stock analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. National Bankshares reaffirmed an “outperform” rating on shares of Sandstorm Gold in a research report on Tuesday, June 24th. Stifel Canada cut shares of Sandstorm Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 21st. Finally, TD Securities cut shares of Sandstorm Gold from a “buy” rating to a “sell” rating and set a $14.00 price target for the company. in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Sandstorm Gold currently has a consensus rating of “Hold” and a consensus target price of $10.15.

Sandstorm Gold Stock Performance

Shares of Sandstorm Gold stock opened at $12.63 on Tuesday. The company has a 50 day moving average of $11.55 and a 200-day moving average of $9.77. Sandstorm Gold has a 1-year low of $5.33 and a 1-year high of $12.90. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.72 billion, a PE ratio of 105.21 and a beta of 0.51.

Sandstorm Gold (NYSE:SAND) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $51.42 million during the quarter, compared to analysts’ expectations of $68.43 million. Sandstorm Gold had a net margin of 17.78% and a return on equity of 2.38%. As a group, equities research analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sandstorm Gold

Several institutional investors and hedge funds have recently modified their holdings of SAND. XTX Topco Ltd grew its holdings in shares of Sandstorm Gold by 107.9% in the first quarter. XTX Topco Ltd now owns 75,471 shares of the company’s stock valued at $570,000 after purchasing an additional 39,172 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Sandstorm Gold by 62.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 26,916 shares of the company’s stock valued at $203,000 after acquiring an additional 10,302 shares during the last quarter. D.A. Davidson & CO. bought a new position in Sandstorm Gold during the first quarter valued at $414,000. Alps Advisors Inc. bought a new position in Sandstorm Gold during the first quarter valued at $624,000. Finally, Bank of New York Mellon Corp increased its position in Sandstorm Gold by 43.8% during the first quarter. Bank of New York Mellon Corp now owns 19,989 shares of the company’s stock valued at $151,000 after acquiring an additional 6,092 shares during the last quarter. Institutional investors own 51.97% of the company’s stock.

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.