Traders Buy High Volume of Call Options on Sandstorm Gold (NYSE:SAND)

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors acquired 4,331 call options on the stock. This is an increase of approximately 209% compared to the typical volume of 1,400 call options.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SAND shares. StockNews.com upgraded 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 Sandstorm Gold from $6.75 to $7.25 and gave the company a "sector perform" rating in a report on Thursday, February 27th. Finally, HC Wainwright dropped their price objective 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $8.56.

Institutional Investors Weigh In On Sandstorm Gold

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. bought a new position in shares of Sandstorm Gold during the 4th quarter valued at $56,000. Lifeworks Advisors LLC purchased a new stake in Sandstorm Gold during the fourth quarter valued at $57,000. Meixler Investment Management Ltd. bought a new position in Sandstorm Gold in the fourth quarter valued at about $66,000. JTC Employer Solutions Trustee Ltd purchased a new position in Sandstorm Gold in the fourth quarter worth about $72,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Sandstorm Gold by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock valued at $78,000 after purchasing an additional 2,416 shares during the period. Hedge funds and other institutional investors own 51.97% of the company's stock.

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Sandstorm Gold Stock Down 1.0 %

Sandstorm Gold stock traded down $0.08 on Friday, hitting $7.58. 7,422,635 shares of the stock traded hands, compared to its average volume of 3,225,683. Sandstorm Gold has a 1 year low of $4.92 and a 1 year high of $7.74. The firm has a market cap of $2.24 billion, a P/E ratio of 151.53 and a beta of 1.06. The company has a current ratio of 1.95, a quick ratio of 2.29 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $6.34 and its 200 day simple moving average is $6.01.

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). 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 period in the previous year, the firm earned ($0.04) EPS. As a group, sell-side analysts forecast that Sandstorm Gold will post 0.18 earnings per share for the current year.

Sandstorm Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued 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 payout ratio is 100.00%.

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.