Royal Bank of Canada Issues Positive Forecast for Sandstorm Gold (NYSE:SAND) Stock Price

Sandstorm Gold (NYSE:SAND - Free Report) had its price target lifted by Royal Bank of Canada from $6.50 to $7.00 in a report published on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

SAND has been the topic of a number of other research reports. 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 note on Wednesday, February 19th. Scotiabank boosted their price objective on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $8.81.

Sandstorm Gold Price Performance

Shares of SAND traded up $0.43 during midday trading on Friday, hitting $7.25. The company's stock had a trading volume of 2,583,556 shares, compared to its average volume of 3,269,046. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. Sandstorm Gold has a one year low of $4.92 and a one year high of $7.74. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 144.73 and a beta of 0.90. The company's fifty day simple moving average is $6.57 and its two-hundred day simple moving average is $6.07.

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Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results 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 business had revenue of $47.40 million for the quarter, compared to analyst estimates of $67.49 million. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, equities analysts expect that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be paid a $0.014 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.77%. Sandstorm Gold's payout ratio is 100.00%.

Hedge Funds Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of Sandstorm Gold by 21.0% in the 4th 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. Swiss National Bank lifted its holdings in Sandstorm Gold by 0.6% in the fourth quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after buying an additional 3,000 shares during the period. Ancora Advisors LLC lifted its holdings in Sandstorm Gold by 0.9% in the fourth quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock valued at $2,229,000 after buying an additional 3,640 shares during the period. FNY Investment Advisers LLC grew its stake in Sandstorm Gold by 20.0% during the fourth quarter. FNY Investment Advisers LLC now owns 24,000 shares of the company's stock worth $133,000 after purchasing an additional 4,000 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Sandstorm Gold by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 129,749 shares of the company's stock worth $731,000 after buying an additional 4,068 shares during the period. 51.97% of the stock is owned by institutional investors and hedge funds.

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.