Sandstorm Gold Ltd. (NYSE:SAND) Short Interest Update

Sandstorm Gold Ltd. (NYSE:SAND - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,580,000 shares, an increase of 37.2% from the March 15th total of 2,610,000 shares. Currently, 1.4% of the company's stock are sold short. Based on an average trading volume of 5,300,000 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on SAND shares. HC Wainwright dropped their price objective on Sandstorm Gold from $12.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded shares of Sandstorm Gold from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada raised their price objective on shares of Sandstorm Gold from $6.50 to $7.00 and gave the stock an "outperform" rating in a report on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Sandstorm Gold in a research note on Friday, April 4th. Finally, Scotiabank lifted their price target on Sandstorm Gold from $7.25 to $8.25 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.06.

Sandstorm Gold Stock Performance

SAND traded up $0.21 on Thursday, hitting $8.50. 2,410,639 shares of the company's stock were exchanged, compared to its average volume of 5,488,332. 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 stock has a fifty day moving average of $7.01 and a two-hundred day moving average of $6.23. Sandstorm Gold has a twelve month low of $4.92 and a twelve month high of $8.82. The firm has a market cap of $2.49 billion, a PE ratio of 169.75 and a beta of 0.90.

Sandstorm Gold (NYSE:SAND - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $47.40 million during 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 period last year, the business posted ($0.04) EPS. On average, research analysts anticipate that Sandstorm Gold will post 0.18 earnings per share for the current fiscal year.

Sandstorm Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be paid a $0.014 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, April 14th. Sandstorm Gold's dividend payout ratio is presently 100.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Money Concepts Capital Corp lifted its holdings in Sandstorm Gold by 0.9% in the 1st quarter. Money Concepts Capital Corp now owns 179,107 shares of the company's stock valued at $1,352,000 after acquiring an additional 1,608 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Sandstorm Gold by 2.1% in the 1st quarter. SG Americas Securities LLC now owns 111,762 shares of the company's stock valued at $844,000 after purchasing an additional 2,307 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Sandstorm Gold by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 13,897 shares of the company's stock worth $78,000 after purchasing an additional 2,416 shares in the last quarter. PFG Investments LLC grew its position in Sandstorm Gold by 8.8% during the first quarter. PFG Investments LLC now owns 34,979 shares of the company's stock valued at $264,000 after purchasing an additional 2,829 shares in the last quarter. Finally, Swiss National Bank increased its stake in Sandstorm Gold by 0.6% in the 4th quarter. Swiss National Bank now owns 501,762 shares of the company's stock valued at $2,805,000 after buying an additional 3,000 shares during the period. 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.