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

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,340,000 shares, a growth of 47.8% from the February 13th total of 2,260,000 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily trading volume, of 4,930,000 shares, the days-to-cover ratio is presently 0.7 days.

Sandstorm Gold Stock Up 0.4 %

Shares of NYSE SAND traded up $0.03 during mid-day trading on Wednesday, reaching $6.80. 2,734,354 shares of the company were exchanged, compared to its average volume of 3,090,066. 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 stock has a market cap of $2.01 billion, a price-to-earnings ratio of 135.93 and a beta of 1.06. Sandstorm Gold has a 1 year low of $4.76 and a 1 year high of $6.95. The firm has a 50-day moving average of $6.13 and a 200 day moving average of $5.93.

Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The company had revenue of $47.40 million for the quarter, compared to analysts' expectations of $67.49 million. Sandstorm Gold had a return on equity of 0.98% and a net margin of 8.11%. During the same quarter last year, the company earned ($0.04) earnings per share. On average, research analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current year.

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Sandstorm Gold Increases Dividend

The business also recently disclosed 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 is a boost from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is 100.00%.

Analyst Ratings Changes

SAND has been the subject of several research reports. Scotiabank upped their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. HC Wainwright lowered their target price on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.56.

Institutional Investors Weigh In On Sandstorm Gold

A number of hedge funds have recently made changes to their positions in SAND. Boston Partners lifted its stake in shares of Sandstorm Gold by 39,289.9% during the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after purchasing an additional 9,787,105 shares during the last quarter. Two Sigma Advisers LP raised its stake in Sandstorm Gold by 580.6% in the fourth quarter. Two Sigma Advisers LP now owns 2,314,684 shares of the company's stock valued at $12,916,000 after buying an additional 1,974,600 shares during the last quarter. Sprott Inc. raised its stake in Sandstorm Gold by 77.9% in the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock valued at $24,925,000 after buying an additional 1,955,916 shares during the last quarter. Invesco Ltd. raised its stake in Sandstorm Gold by 35.0% in the fourth quarter. Invesco Ltd. now owns 6,522,246 shares of the company's stock valued at $36,394,000 after buying an additional 1,691,296 shares during the last quarter. Finally, Amundi raised its stake in Sandstorm Gold by 74.9% in the fourth quarter. Amundi now owns 2,890,535 shares of the company's stock valued at $16,447,000 after buying an additional 1,238,050 shares during the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

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.