Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Update

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,260,000 shares, an increase of 34.5% from the January 31st total of 1,680,000 shares. Based on an average daily volume of 4,610,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.9% of the company's shares are sold short.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds have recently bought and sold shares of SAND. Sprott Inc. grew its position in shares of Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after buying an additional 1,955,916 shares in the last quarter. Barclays PLC lifted its stake in Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company's stock worth $2,400,000 after acquiring an additional 23,947 shares during the last quarter. FMR LLC acquired a new position in Sandstorm Gold during the 3rd quarter worth approximately $600,000. Intact Investment Management Inc. increased its position in shares of Sandstorm Gold by 195.0% in the 3rd quarter. Intact Investment Management Inc. now owns 130,100 shares of the company's stock valued at $781,000 after purchasing an additional 86,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Sandstorm Gold by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock valued at $757,000 after purchasing an additional 8,728 shares in the last quarter. Institutional investors and hedge funds own 51.97% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on SAND shares. HC Wainwright decreased their target price on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Finally, Scotiabank lifted their target price on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $8.56.

Sandstorm Gold Trading Down 0.7 %

NYSE:SAND traded down $0.05 on Friday, reaching $6.31. 2,963,197 shares of the company's stock were exchanged, compared to its average volume of 3,046,343. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 126.13 and a beta of 1.06. Sandstorm Gold has a 52-week low of $4.60 and a 52-week high of $6.67. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $5.97 and a 200-day moving average of $5.87.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its earnings results 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 return on equity of 0.98% and a net margin of 8.11%. The business had revenue of $47.40 million for the quarter, compared to analysts' expectations of $67.49 million. During the same period in the previous year, the company earned ($0.04) earnings per share. As a group, analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.27%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold's payout ratio is presently 100.00%.

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.