Sandstorm Gold (NYSE:SAND) Price Target Cut to C$9.50

Sandstorm Gold (NYSE:SAND – Get Rating) had its price target reduced by equities researchers at National Bank Financial from C$10.50 to C$9.50 in a note issued to investors on Friday, The Fly reports.

Several other equities research analysts also recently weighed in on the company. StockNews.com raised Sandstorm Gold from a “sell” rating to a “hold” rating in a report on Friday, January 6th. HC Wainwright reissued a “buy” rating and set a $12.50 price objective on shares of Sandstorm Gold in a report on Friday. BMO Capital Markets initiated coverage on Sandstorm Gold in a report on Wednesday, October 5th. They set an “outperform” rating and a $8.00 price objective on the stock. TD Securities cut their price objective on Sandstorm Gold from C$10.00 to C$9.50 in a report on Wednesday, November 9th. Finally, Stifel Nicolaus cut their price objective on Sandstorm Gold from C$13.25 to C$12.50 in a report on Thursday, November 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.28.

Sandstorm Gold Price Performance

Sandstorm Gold stock opened at $5.85 on Friday. The stock’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.51. Sandstorm Gold has a one year low of $4.51 and a one year high of $9.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $1.75 billion, a PE ratio of 13.93 and a beta of 0.92.

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

Institutional Trading of Sandstorm Gold

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in Sandstorm Gold during the 4th quarter worth approximately $1,165,000. IHT Wealth Management LLC bought a new stake in Sandstorm Gold during the 3rd quarter worth approximately $82,000. Balyasny Asset Management LLC bought a new position in shares of Sandstorm Gold in the third quarter valued at approximately $583,000. Horizon Kinetics Asset Management LLC grew its holdings in shares of Sandstorm Gold by 0.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 6,473,010 shares of the company’s stock valued at $33,465,000 after acquiring an additional 47,041 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Sandstorm Gold by 122.0% in the third quarter. Alliancebernstein L.P. now owns 24,200 shares of the company’s stock valued at $125,000 after acquiring an additional 13,300 shares in the last quarter. 55.62% of the stock is owned by institutional investors.

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 (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.