Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.69 and last traded at $8.47, with a volume of 7970782 shares trading hands. The stock had previously closed at $8.39.
Analyst Ratings Changes
Several research firms have recently commented on SAND. Royal Bank of Canada lifted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. HC Wainwright lowered their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Scotiabank increased their price objective on Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a research note on Monday, April 14th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Raymond James reissued an "outperform" rating on shares of Sandstorm Gold in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $9.06.
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Sandstorm Gold Stock Down 1.6 %
The company's fifty day simple moving average is $6.97 and its 200 day simple moving average is $6.22. The firm has a market capitalization of $2.45 billion, a P/E ratio of 166.93 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24.
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 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 company had revenue of $47.40 million during the quarter, compared to analysts' expectations of $67.49 million. During the same quarter last year, the business earned ($0.04) earnings per share. Research analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be issued a $0.014 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.67%. Sandstorm Gold's dividend payout ratio (DPR) is 100.00%.
Institutional Trading of Sandstorm Gold
A number of hedge funds have recently modified their holdings of the business. Barclays PLC boosted its stake in Sandstorm Gold by 6.4% during 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 in the last quarter. Geode Capital Management LLC raised its stake in Sandstorm Gold by 7.5% during the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock valued at $757,000 after buying an additional 8,728 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in Sandstorm Gold by 119.4% in the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after acquiring an additional 12,375 shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold in the fourth quarter worth $72,000. Finally, FNY Investment Advisers LLC increased its holdings in shares of Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock valued at $133,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 51.97% of the company's stock.
Sandstorm Gold Company Profile
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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.
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