Sandstorm Gold (NYSE:SAND) Hits New 1-Year High - What's Next?

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.71 and last traded at $6.66, with a volume of 415114 shares traded. The stock had previously closed at $6.53.

Analysts Set New Price Targets

A number of research firms have weighed in on SAND. HC Wainwright lowered their price target on shares of Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Finally, Scotiabank increased their target price on Sandstorm Gold from $6.75 to $7.25 and gave the stock a "sector perform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Sandstorm Gold currently has a consensus rating of "Moderate Buy" and an average price target of $8.56.

Sandstorm Gold Trading Down 1.1 %

The firm has a market capitalization of $2.01 billion, a P/E ratio of 135.73 and a beta of 1.06. The firm's 50-day simple moving average is $6.15 and its 200-day simple moving average is $5.93. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24.

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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 the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million during the quarter, compared to analysts' expectations 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 last year, the business earned ($0.04) earnings per share. Analysts anticipate that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.

Hedge Funds Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently modified their holdings of the company. Cantor Fitzgerald L. P. purchased a new position in shares of Sandstorm Gold during the 4th quarter valued at $56,000. Lifeworks Advisors LLC bought a new stake in Sandstorm Gold during the fourth quarter worth approximately $57,000. Meixler Investment Management Ltd. purchased a new stake in Sandstorm Gold during the 4th quarter valued at $66,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of Sandstorm Gold in the 4th quarter worth about $72,000. Finally, Bank of New York Mellon Corp raised its position 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 worth $78,000 after purchasing an additional 2,416 shares during the period. 51.97% of the stock is currently owned by hedge funds and other 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.