Sandstorm Gold (NYSE:SAND) Hits New 12-Month High at $6.40

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.40 and last traded at $6.40, with a volume of 19255 shares. The stock had previously closed at $6.31.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAND shares. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Tuesday, September 17th. Royal Bank of Canada cut their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. CIBC lifted their price objective on shares of Sandstorm Gold from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Wednesday, July 10th. Finally, HC Wainwright lifted their price objective on shares of Sandstorm Gold from $11.00 to $11.50 and gave the company a "buy" rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.25.

Sandstorm Gold Stock Performance

The stock has a market capitalization of $1.86 billion, a P/E ratio of 78.82 and a beta of 1.14. The company's 50-day moving average is $5.67 and its two-hundred day moving average is $5.53. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.27.

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

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $25,000. Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold in the 1st quarter worth approximately $31,000. Creekmur Asset Management LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $39,000. Jump Financial LLC acquired a new position in shares of Sandstorm Gold in the 4th quarter worth approximately $59,000. Finally, Mather Group LLC. acquired a new position in shares of Sandstorm Gold in the 2nd quarter worth approximately $67,000. 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.