Sandstorm Gold Ltd. (NYSE:SAND) Sees Large Growth in Short Interest

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 3,750,000 shares, a growth of 16.1% from the November 15th total of 3,230,000 shares. Based on an average daily volume of 3,290,000 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HC Wainwright upped their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com lowered shares of Sandstorm Gold from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on Sandstorm Gold from $6.50 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Sandstorm Gold has an average rating of "Hold" and a consensus target price of $8.50.

Institutional Investors Weigh In On Sandstorm Gold

Large investors have recently made changes to their positions in the business. Sagil Capital LLP purchased a new position in Sandstorm Gold during the second quarter valued at $8,041,000. Dimensional Fund Advisors LP increased its holdings in shares of Sandstorm Gold by 42.2% during 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 raised its position in shares of 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 last quarter. Renaissance Technologies LLC boosted its stake in Sandstorm Gold by 31.6% in the 2nd quarter. Renaissance Technologies LLC now owns 472,800 shares of the company's stock worth $2,572,000 after purchasing an additional 113,500 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Sandstorm Gold during the 2nd quarter valued at about $606,000. 51.97% of the stock is currently owned by institutional investors.

Sandstorm Gold Price Performance

SAND stock traded down $0.07 during midday trading on Friday, reaching $5.62. The company had a trading volume of 4,248,878 shares, compared to its average volume of 2,785,754. The firm has a 50-day moving average price of $5.86 and a 200-day moving average price of $5.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $1.67 billion, a P/E ratio of 46.84 and a beta of 1.11. 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 posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The firm had revenue of $44.70 million during the quarter, compared to analysts' expectations of $44.70 million. Sandstorm Gold had a return on equity of 2.44% and a net margin of 20.46%. On average, research analysts anticipate that Sandstorm Gold will post 0.09 earnings per share for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were given a dividend of $0.015 per share. The ex-dividend date was Tuesday, October 15th. This represents a $0.06 annualized dividend and a yield of 1.07%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.01. Sandstorm Gold's dividend payout ratio is presently 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.