Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $7.25 and last traded at $7.23, with a volume of 424171 shares traded. The stock had previously closed at $6.85.
Wall Street Analyst Weigh In
SAND has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Scotiabank upped their price target on shares of Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a research report on Thursday, February 27th. Finally, HC Wainwright reduced 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 report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Sandstorm Gold currently has an average rating of "Moderate Buy" and a consensus price target of $8.56.
Check Out Our Latest Report on Sandstorm Gold
Sandstorm Gold Trading Down 1.0 %
The firm has a fifty day simple moving average of $6.34 and a two-hundred day simple moving average of $6.00. The firm has a market capitalization of $2.24 billion, a P/E ratio of 151.53 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.95 and a quick ratio of 2.29.
Sandstorm Gold (NYSE:SAND - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $67.49 million. During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities research analysts anticipate that Sandstorm Gold Ltd. will post 0.18 earnings per share for the current fiscal year.
Sandstorm Gold Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a dividend of $0.014 per share. The ex-dividend date is Monday, April 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.74%. Sandstorm Gold's dividend payout ratio is currently 100.00%.
Hedge Funds Weigh In On Sandstorm Gold
Hedge funds have recently made changes to their positions in the stock. Sprott Inc. boosted its stake in Sandstorm Gold by 77.9% in the 4th 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 period. Barclays PLC boosted its position in shares of Sandstorm Gold by 6.4% in the third quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after acquiring an additional 23,947 shares during the period. FMR LLC purchased a new position in Sandstorm Gold during the third quarter valued at approximately $600,000. Swiss National Bank increased its holdings in Sandstorm Gold by 0.6% during 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. Finally, Geode Capital Management LLC lifted its stake in Sandstorm Gold by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock worth $757,000 after purchasing an additional 8,728 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.
About Sandstorm Gold
(
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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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