Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Down 21.9% in March

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,610,000 shares, a decrease of 21.9% from the February 28th total of 3,340,000 shares. Currently, 1.0% of the company's shares are short sold. Based on an average daily trading volume, of 5,010,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cantor Fitzgerald L. P. bought a new stake in shares of Sandstorm Gold during the 4th quarter worth approximately $56,000. Lifeworks Advisors LLC acquired a new position in Sandstorm Gold during the fourth quarter worth $57,000. Meixler Investment Management Ltd. bought a new stake in Sandstorm Gold during the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd acquired a new stake in Sandstorm Gold in the fourth quarter valued at $72,000. Finally, Bank of New York Mellon Corp grew its holdings in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

Sandstorm Gold Stock Down 7.2 %

SAND stock traded down $0.55 during mid-day trading on Friday, hitting $6.99. 5,274,140 shares of the company were exchanged, compared to its average volume of 3,255,028. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold has a 1-year low of $4.92 and a 1-year high of $7.74. The firm's 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.05. The firm has a market cap of $2.07 billion, a P/E ratio of 139.73 and a beta of 0.90.

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Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 EPS 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 analyst estimates 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 in the previous year, the business earned ($0.04) earnings per share. On average, sell-side analysts predict that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be issued a dividend of $0.014 per share. The ex-dividend date is Monday, April 14th. This represents a $0.06 annualized dividend and a yield of 0.80%. Sandstorm Gold's payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SAND shares. HC Wainwright lowered their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada increased their target price on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Scotiabank boosted their price target 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 MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $8.81.

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.