Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 2,469,984 shares were traded during trading, an increase of 12% from the previous session's volume of 2,199,576 shares.The stock last traded at $5.84 and had previously closed at $5.88.
Analyst Ratings Changes
SAND has been the topic of several analyst reports. StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Friday, September 27th. HC Wainwright lifted their target price on Sandstorm Gold from $11.00 to $11.50 and gave the company a "buy" rating in a report on Monday, August 5th. Royal Bank of Canada reduced their price objective on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. Finally, CIBC boosted their price objective on Sandstorm Gold from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $8.25.
Read Our Latest Research Report on SAND
Sandstorm Gold Stock Performance
The firm has a market capitalization of $1.79 billion, a PE ratio of 75.00 and a beta of 1.14. 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 50-day moving average price of $5.79 and a 200-day moving average price of $5.64.
Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Sandstorm Gold had a return on equity of 2.06% and a net margin of 17.55%. The business had revenue of $41.37 million for the quarter, compared to analyst estimates of $40.50 million. During the same period in the previous year, the company earned $0.01 earnings per share. On average, research analysts expect that Sandstorm Gold Ltd. will post 0.09 EPS for the current fiscal year.
Sandstorm Gold Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be issued a $0.015 dividend. This is a positive change from Sandstorm Gold's previous quarterly dividend of $0.01. This represents a $0.06 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, October 15th. Sandstorm Gold's payout ratio is currently 62.50%.
Institutional Trading of Sandstorm Gold
Hedge funds and other institutional investors have recently bought and sold shares of the company. Perritt Capital Management Inc. bought a new stake in Sandstorm Gold in the first quarter valued at about $31,000. Mather Group LLC. bought a new position in shares of Sandstorm Gold during the second quarter valued at approximately $67,000. Oak Family Advisors LLC acquired a new position in shares of Sandstorm Gold during the second quarter worth approximately $88,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sandstorm Gold during the second quarter worth approximately $94,000. Finally, Oxbow Advisors LLC boosted its position in shares of Sandstorm Gold by 34.3% during the second quarter. Oxbow Advisors LLC now owns 20,556 shares of the company's stock worth $112,000 after buying an additional 5,254 shares during the period. 51.97% of the stock is owned by institutional investors.
About Sandstorm Gold
(
Get Free Report)
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.
Featured Stories
Before you consider Sandstorm Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sandstorm Gold wasn't on the list.
While Sandstorm Gold currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
