Sandstorm Gold (NYSE:SAND) Stock Price Expected to Rise, Scotiabank Analyst Says

Sandstorm Gold (NYSE:SAND - Free Report) had its target price raised by Scotiabank from $7.25 to $8.25 in a research report released on Monday, MarketBeat Ratings reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada lifted their price objective on Sandstorm Gold from $6.50 to $7.00 and gave the company an "outperform" rating in a research report on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a report on Friday, April 4th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, HC Wainwright lowered their price objective on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $9.06.

Sandstorm Gold Price Performance

Shares of SAND stock traded up $0.03 during midday trading on Monday, reaching $8.50. 6,063,210 shares of the company traded hands, compared to its average volume of 3,375,818. The firm has a market cap of $2.52 billion, a PE ratio of 169.93 and a beta of 0.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29. The firm's 50 day simple moving average is $6.90 and its two-hundred day simple moving average is $6.18. Sandstorm Gold has a 1-year low of $4.92 and a 1-year high of $8.69.

Sandstorm Gold (NYSE:SAND - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm 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 period last year, the firm earned ($0.04) EPS. On average, equities research analysts expect that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Cuts Dividend

The firm also recently announced 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 0.66%. Sandstorm Gold's dividend payout ratio is currently 100.00%.

Hedge Funds Weigh In On Sandstorm Gold

Several institutional investors have recently made changes to their positions in SAND. SG Americas Securities LLC raised its stake in shares of Sandstorm Gold by 2.1% in the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock worth $844,000 after buying an additional 2,307 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in 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 valued at $78,000 after buying an additional 2,416 shares during the last quarter. Swiss National Bank lifted its position in shares of Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock worth $2,805,000 after acquiring an additional 3,000 shares during the period. Ancora Advisors LLC boosted its holdings in Sandstorm Gold by 0.9% during the fourth quarter. Ancora Advisors LLC now owns 399,540 shares of the company's stock valued at $2,229,000 after purchasing an additional 3,640 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of Sandstorm Gold by 20.0% during the 4th 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 in the last quarter. 51.97% of the stock is owned by institutional investors.

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.