Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $6.82, but opened at $7.11. Sandstorm Gold shares last traded at $7.05, with a volume of 744,516 shares.
Analysts Set New Price Targets
SAND has been the subject of several research reports. Royal Bank of Canada upped their target price on Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Raymond James reaffirmed an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. StockNews.com raised shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. Scotiabank boosted their price target on shares of Sandstorm Gold from $7.25 to $8.25 and gave the company a "sector perform" rating in a report on Monday. Finally, HC Wainwright dropped their price objective 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $9.06.
Read Our Latest Stock Analysis on SAND
Sandstorm Gold Trading Up 2.1 %
The firm has a market capitalization of $2.40 billion, a PE ratio of 161.83 and a beta of 0.90. The company has a quick ratio of 2.29, a current ratio of 1.95 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $6.70 and its 200 day simple moving average is $6.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted 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 firm had revenue of $47.40 million for the quarter, compared to the consensus estimate 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 firm earned ($0.04) EPS. As a group, sell-side analysts expect that Sandstorm Gold Ltd. will post 0.18 EPS for the current year.
Sandstorm Gold Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be given a $0.014 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.69%. Sandstorm Gold's payout ratio is 100.00%.
Institutional Investors Weigh In On Sandstorm Gold
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC acquired a new position in shares of Sandstorm Gold during the third quarter valued at about $600,000. Public Employees Retirement System of Ohio purchased a new stake in Sandstorm Gold during the 3rd quarter worth approximately $464,000. Barclays PLC increased its stake in Sandstorm Gold by 6.4% during the 3rd quarter. Barclays PLC now owns 399,854 shares of the company's stock valued at $2,400,000 after purchasing an additional 23,947 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sandstorm Gold by 7.5% in the third quarter. Geode Capital Management LLC now owns 125,681 shares of the company's stock worth $757,000 after buying an additional 8,728 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of Sandstorm Gold by 119.4% during the fourth quarter. Fiduciary Alliance LLC now owns 22,735 shares of the company's stock worth $127,000 after buying an additional 12,375 shares during the period. 51.97% of the stock is currently owned by hedge funds and other institutional investors.
About Sandstorm Gold
(
Get Free Report)
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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