Sandstorm Gold (NYSE:SAND - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.
Separately, HC Wainwright boosted their price objective on Sandstorm Gold from $11.50 to $12.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $8.50.
Get Our Latest Stock Analysis on SAND
Sandstorm Gold Stock Performance
SAND stock traded down $0.05 during midday trading on Wednesday, hitting $6.28. 5,011,041 shares of the stock traded hands, compared to its average volume of 5,637,777. Sandstorm Gold has a 1-year low of $3.96 and a 1-year high of $6.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.29 and a quick ratio of 2.29. The stock's fifty day simple moving average is $5.70 and its 200-day simple moving average is $5.76. The firm has a market cap of $1.86 billion, a P/E ratio of 52.30 and a beta of 1.10.
Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $44.70 million for the quarter, compared to analyst estimates of $44.70 million. Sandstorm Gold had a net margin of 20.46% and a return on equity of 2.44%. On average, analysts expect that Sandstorm Gold will post 0.09 earnings per share for the current year.
Hedge Funds Weigh In On Sandstorm Gold
A number of hedge funds have recently made changes to their positions in SAND. Allworth Financial LP acquired a new stake in shares of Sandstorm Gold in the third quarter worth approximately $60,000. Lifeworks Advisors LLC purchased a new position in Sandstorm Gold in the 4th quarter valued at $57,000. Meixler Investment Management Ltd. acquired a new stake in Sandstorm Gold during the 4th quarter worth $66,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Sandstorm Gold during the fourth quarter worth $72,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of 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. Institutional investors and hedge funds own 51.97% of the company's stock.
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.
Further Reading
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