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

Sandstorm Gold (NYSE:SAND - Get Free Report) had its target price cut by equities research analysts at HC Wainwright from $12.00 to $11.50 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. HC Wainwright's price objective would suggest a potential upside of 92.15% from the stock's previous close. HC Wainwright also issued estimates for Sandstorm Gold's FY2025 earnings at $0.08 EPS.

Separately, StockNews.com cut Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.38.

Sandstorm Gold Stock Down 3.3 %

Shares of NYSE:SAND traded down $0.21 during trading on Wednesday, hitting $5.99. 4,634,715 shares of the company's stock traded hands, compared to its average volume of 5,578,854. Sandstorm Gold has a 52 week low of $3.99 and a 52 week high of $6.67. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 119.72 and a beta of 1.10. The company has a 50-day moving average price of $5.82 and a 200-day moving average price of $5.80.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The business had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter last year, the firm earned ($0.04) EPS. As a group, research analysts forecast that Sandstorm Gold will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP bought a new stake in Sandstorm Gold in the 3rd quarter valued at approximately $60,000. Cantor Fitzgerald L. P. acquired a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $57,000. Meixler Investment Management Ltd. acquired a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $66,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of Sandstorm Gold during the 4th quarter worth approximately $72,000. 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.