HC Wainwright Issues Positive Forecast for Sandstorm Gold (NYSE:SAND) Stock Price

Sandstorm Gold (NYSE:SAND - Get Free Report) had its target price raised by investment analysts at HC Wainwright from $11.50 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. HC Wainwright's target price would indicate a potential upside of 119.78% from the stock's previous close.

SAND has been the subject of several other reports. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Friday, September 27th. Royal Bank of Canada decreased their price target on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sandstorm Gold presently has an average rating of "Moderate Buy" and a consensus price target of $8.35.

Sandstorm Gold Trading Down 5.4 %

Sandstorm Gold stock traded down $0.31 during mid-day trading on Monday, hitting $5.46. The company's stock had a trading volume of 2,870,313 shares, compared to its average volume of 2,381,806. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 45.50 and a beta of 1.13. The business has a 50 day moving average price of $6.00 and a 200-day moving average price of $5.73. Sandstorm Gold has a 12 month low of $3.96 and a 12 month high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. As a group, analysts forecast that Sandstorm Gold will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perritt Capital Management Inc. purchased a new stake in Sandstorm Gold in the first quarter worth approximately $31,000. Allworth Financial LP purchased a new stake in Sandstorm Gold in the third quarter worth approximately $60,000. Mather Group LLC. bought a new position in Sandstorm Gold in the second quarter worth approximately $67,000. Oak Family Advisors LLC bought a new position in Sandstorm Gold in the second quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Sandstorm Gold in the second quarter worth approximately $94,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.