Sandstorm Gold (NYSE:SAND) Upgraded by StockNews.com to "Buy" Rating

StockNews.com upgraded shares of Sandstorm Gold (NYSE:SAND - Free Report) from a hold rating to a buy rating in a report issued on Wednesday.

Separately, HC Wainwright cut their price target on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.56.

Sandstorm Gold Stock Performance

NYSE:SAND traded down $0.10 during trading hours on Wednesday, reaching $6.14. The stock had a trading volume of 7,827,054 shares, compared to its average volume of 5,827,583. The stock has a market cap of $1.82 billion, a P/E ratio of 122.82 and a beta of 1.10. The stock has a 50 day simple moving average of $5.91 and a 200 day simple moving average of $5.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 1.95. Sandstorm Gold has a 12-month low of $4.09 and a 12-month high of $6.67.

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Sandstorm Gold (NYSE:SAND - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business 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 in the previous year, the business earned ($0.04) EPS. On average, research analysts forecast that Sandstorm Gold will post 0.18 EPS for the current fiscal year.

Sandstorm Gold Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a $0.02 dividend. The ex-dividend date 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 1.30%. Sandstorm Gold's dividend payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAND. Cantor Fitzgerald L. P. purchased a new stake in shares of Sandstorm Gold in the 4th quarter valued at about $56,000. Lifeworks Advisors LLC bought a new position in Sandstorm Gold in the fourth quarter valued at $57,000. Allworth Financial LP purchased a new position in shares of Sandstorm Gold during the 3rd quarter valued at about $60,000. Meixler Investment Management Ltd. bought a new stake in shares of Sandstorm Gold in the 4th quarter worth approximately $66,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in Sandstorm Gold in the fourth quarter worth $72,000. Institutional investors own 51.97% of the company's stock.

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.