Scotiabank Boosts Sandstorm Gold (NYSE:SAND) Price Target to $7.25

Sandstorm Gold (NYSE:SAND - Free Report) had its price target increased by Scotiabank from $6.75 to $7.25 in a report issued on Thursday,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other research firms have also commented on SAND. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. HC Wainwright lowered 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.56.

Sandstorm Gold Stock Performance

SAND stock traded up $0.04 during midday trading on Thursday, reaching $6.17. 4,408,120 shares of the company's stock traded hands, compared to its average volume of 3,030,810. The firm has a market capitalization of $1.83 billion, a PE ratio of 123.42 and a beta of 1.10. The company has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $5.86. Sandstorm Gold has a 52 week low of $4.50 and a 52 week high of $6.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95.

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Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Sandstorm Gold had a net margin of 8.11% and a return on equity of 0.98%. The company had revenue of $47.40 million for the quarter, compared to the consensus estimate of $67.49 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. As a group, equities analysts anticipate that Sandstorm Gold will post 0.18 EPS for the current year.

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 given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.30%. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.02. The ex-dividend date was Tuesday, January 21st. Sandstorm Gold's dividend payout ratio is 100.00%.

Institutional Investors Weigh In On Sandstorm Gold

Several hedge funds have recently bought and sold shares of the stock. Boston Partners increased its holdings in shares of Sandstorm Gold by 39,289.9% in the 4th quarter. Boston Partners now owns 9,812,015 shares of the company's stock worth $54,751,000 after buying an additional 9,787,105 shares during the last quarter. Invesco Ltd. increased 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 acquiring an additional 1,691,296 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Sandstorm Gold by 22.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,974,343 shares of the company's stock valued at $27,781,000 after purchasing an additional 913,527 shares in the last quarter. Sprott Inc. lifted its stake in Sandstorm Gold by 77.9% during the fourth quarter. Sprott Inc. now owns 4,465,843 shares of the company's stock worth $24,925,000 after purchasing an additional 1,955,916 shares during the last quarter. Finally, Amundi raised its holdings in shares of Sandstorm Gold by 74.9% during the 4th 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 in the last quarter. 51.97% of the stock is currently owned by 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.