Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $6.50 and last traded at $6.49, with a volume of 2941188 shares traded. The stock had previously closed at $6.28.
Analysts Set New Price Targets
Several analysts have recently commented on SAND shares. StockNews.com cut Sandstorm Gold from a "buy" rating to a "hold" rating in a report on Thursday. HC Wainwright raised their price target on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Sandstorm Gold has a consensus rating of "Hold" and an average target price of $8.50.
Read Our Latest Stock Analysis on SAND
Sandstorm Gold Stock Down 4.1 %
The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a fifty day moving average price of $5.78 and a 200 day moving average price of $5.79. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 53.13 and a beta of 1.10.
Sandstorm Gold Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 21st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This is a boost from Sandstorm Gold's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 1.25%. Sandstorm Gold's payout ratio is currently 50.00%.
Hedge Funds Weigh In On Sandstorm Gold
Several hedge funds and other institutional investors have recently bought and sold shares of SAND. Lifeworks Advisors LLC purchased a new position in Sandstorm Gold during the fourth quarter worth $57,000. Allworth Financial LP purchased a new position in Sandstorm Gold during the third quarter worth $60,000. Meixler Investment Management Ltd. purchased a new position in Sandstorm Gold during the fourth quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in Sandstorm Gold during the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp increased its position in Sandstorm Gold by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after buying an additional 2,416 shares in the last quarter. 51.97% of the stock is owned by institutional investors and hedge funds.
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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