Sandstorm Gold Ltd. (NYSE:SAND) Receives $8.35 Consensus Price Target from Brokerages

Shares of Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) have received a consensus rating of "Moderate Buy" from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.35.

Several research analysts have weighed in on the stock. HC Wainwright increased their price target on shares of Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a report on Monday, November 11th. StockNews.com downgraded Sandstorm Gold from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sagil Capital LLP bought a new position in Sandstorm Gold during the 2nd quarter valued at approximately $8,041,000. EdgePoint Investment Group Inc. bought a new position in shares of Sandstorm Gold in the first quarter worth approximately $6,537,000. Dimensional Fund Advisors LP lifted its position in shares of Sandstorm Gold by 42.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,149,232 shares of the company's stock valued at $17,162,000 after acquiring an additional 935,005 shares in the last quarter. Helikon Investments Ltd boosted its stake in Sandstorm Gold by 61.8% in the 2nd quarter. Helikon Investments Ltd now owns 2,086,579 shares of the company's stock worth $11,351,000 after purchasing an additional 796,800 shares during the period. Finally, Boston Partners purchased a new position in Sandstorm Gold during the first quarter valued at $1,902,000. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

Sandstorm Gold Trading Up 0.9 %

NYSE:SAND traded up $0.05 during trading hours on Friday, hitting $5.85. 3,468,253 shares of the stock were exchanged, compared to its average volume of 3,736,394. The company's 50 day moving average is $5.97 and its two-hundred day moving average is $5.73. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.74 billion, a P/E ratio of 48.75 and a beta of 1.13. Sandstorm Gold has a twelve month low of $3.96 and a twelve month high of $6.50.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business 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%. On average, sell-side analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a dividend of $0.015 per share. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 dividend on an annualized basis and a yield of 1.03%. Sandstorm Gold's dividend payout ratio is 50.00%.

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.