Sandstorm Gold Ltd. (NYSE:SAND) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $8.25.

A number of research analysts have recently weighed in on the company. StockNews.com raised Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. HC Wainwright raised their price target on shares of Sandstorm Gold from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Monday, August 5th. Royal Bank of Canada dropped their price objective on shares of Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. Finally, CIBC raised their target price 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.

Sandstorm Gold Stock Down 0.8 %

Shares of SAND traded down $0.05 during mid-day trading on Wednesday, hitting $6.06. 2,397,139 shares of the company traded hands, compared to its average volume of 2,301,046. The company has a market capitalization of $1.80 billion, a PE ratio of 60.60 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. The business has a 50 day moving average of $5.92 and a 200 day moving average of $5.68. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The firm 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 period in the previous year, the company earned $0.01 earnings per share. Equities research analysts anticipate that Sandstorm Gold will post 0.09 EPS for the current year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.99%. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Tuesday, October 15th. Sandstorm Gold's payout ratio is 50.00%.

Institutional Trading of Sandstorm Gold

A number of hedge funds have recently added to or reduced their stakes in the company. Mad River Investors raised its position in shares of Sandstorm Gold by 1.6% in the second quarter. Mad River Investors now owns 192,069 shares of the company's stock worth $1,045,000 after acquiring an additional 3,016 shares during the period. Raymond James & Associates boosted its position in Sandstorm Gold by 1.1% during the second quarter. Raymond James & Associates now owns 302,128 shares of the company's stock worth $1,644,000 after purchasing an additional 3,319 shares in the last quarter. Pullen Investment Management LLC grew its holdings in Sandstorm Gold by 3.2% in the second quarter. Pullen Investment Management LLC now owns 109,976 shares of the company's stock valued at $598,000 after purchasing an additional 3,442 shares during the period. Oxbow Advisors LLC increased its position in shares of Sandstorm Gold by 34.3% in the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock valued at $112,000 after buying an additional 5,254 shares in the last quarter. Finally, Perritt Capital Management Inc. acquired a new position in shares of Sandstorm Gold during the 1st quarter worth approximately $31,000. 51.97% of the stock is owned by hedge funds and other 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.