Raymond James Lowers Sandstorm Gold (NYSE:SAND) Price Target to $9.00

Sandstorm Gold (NYSE:SAND – Get Rating) had its price target dropped by research analysts at Raymond James from $9.25 to $9.00 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 53.85% from the stock’s current price.

Several other research analysts have also weighed in on SAND. National Bank Financial dropped their price objective on shares of Sandstorm Gold from C$11.50 to C$10.50 in a research note on Thursday, October 13th. Stifel Nicolaus dropped their price target on shares of Sandstorm Gold from C$13.25 to C$12.50 in a research note on Thursday, November 10th. BMO Capital Markets assumed coverage on shares of Sandstorm Gold in a research note on Wednesday, October 5th. They set an “outperform” rating and a $8.00 price target on the stock. TD Securities dropped their price target on shares of Sandstorm Gold from C$10.00 to C$9.50 in a research note on Wednesday, November 9th. Finally, HC Wainwright restated a “buy” rating and set a $12.50 price target on shares of Sandstorm Gold in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Sandstorm Gold presently has a consensus rating of “Moderate Buy” and an average target price of $10.28.

Sandstorm Gold Stock Up 0.9 %

Shares of NYSE:SAND opened at $5.85 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $1.75 billion, a PE ratio of 13.93 and a beta of 0.92. Sandstorm Gold has a 52 week low of $4.51 and a 52 week high of $9.18. The firm has a 50 day simple moving average of $5.32 and a 200 day simple moving average of $5.51.

Sandstorm Gold (NYSE:SAND – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $38.95 million for the quarter, compared to analyst estimates of $39.00 million. Sandstorm Gold had a net margin of 62.75% and a return on equity of 5.09%. As a group, research analysts expect that Sandstorm Gold will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On Sandstorm Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in shares of Sandstorm Gold during the 1st quarter worth approximately $25,000. CoreCap Advisors LLC acquired a new stake in shares of Sandstorm Gold during the 2nd quarter worth approximately $43,000. Barclays PLC grew its position in shares of Sandstorm Gold by 302.5% during the 3rd quarter. Barclays PLC now owns 9,600 shares of the company’s stock worth $50,000 after buying an additional 7,215 shares during the period. Beaumont Financial Partners LLC acquired a new stake in shares of Sandstorm Gold during the 3rd quarter worth approximately $52,000. Finally, First Trust Advisors LP acquired a new stake in shares of Sandstorm Gold during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 55.62% of the company’s stock.

About Sandstorm Gold

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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 (streams) from companies that have advanced stage development projects or operating mines. It offers upfront payments for companies to acquire a stream or royalty and receives the right to purchase a percentage of a mine's production for the life of the mine at a fixed price per unit or at a fixed percentage of the spot price.